If a competitive firm is operating in short run equilibrium and then its fixed costs fall by 40 percent, it should:
a. use more labor and less capital in current production.
b. not change its output

If you got a birthday gift of a $100 U.S. savings bond, you would have received

a. M1 money b. M2 money c. specie d. near money e. not money

How did the price change in the long run when DSR shifted to DLR?

a. It fluctuated.
b. It remained constant.
c. It decreased.
d. It increased.