A factory produces 1,000 radios a year, AVC = $10 and TFC = $5,000. The factory’s TC

In the classical model, the interest rate will adjust to equate

A) consumption spending with real GDP. B) saving with investment. C) export spending with import spending. D) the economic growth rate with the growth rate of import spending.

A labor union is a group of

a. employees who join together to improve their working conditions b. firms that join together to hire workers c. firms that work together to negotiate better prices in the market d. farmers who work together to receive better prices for their agricultural products e. workers and firm owners who join together to improve working conditions