Neo-Keynesians believe that the inverse relationship between rates of unemployment and rates of inflation is causal

Using the figure above, which of the following statements are correct?

i. When 3 haircuts are produced, the firm's ATC is $10. ii. If the firm charges each customer the same price for a haircut, the price of a haircut is $14. iii. The firm is NOT a perfect competitor. A) i only B) ii only C) i and ii D) i and iii E) i, ii, and iii

Based on the notation presented in Chapter 2, which of the following expressions represents real GDP?

A) Yt B) PtYt C) Yt/Pt D) $Yt/Pt