Refer to Figure 11-7. If output is 100 units what is the fixed cost of production?

Which of the following describes the degree of control that the Fed has over the money supply?

A) The Fed has substantial control over the money supply. B) The Fed has absolute control over the money supply. C) The Fed has no control of the money supply. D) The Fed is not concerned about the level of the money supply, and does not attempt to control it.

In the period from 1929 through 1933, there were successive ________ in aggregate demand and ________ in short-run aggregate supply

A) increases; decreases B) decreases; increases C) decreases; no change D) increases; increases