When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

Refer to Figure 12-5. What is the amount of the firm's fixed cost of production?

A) $5,400 B) $6,750 C) $8,100 D) It cannot be determined.

Refer to Table 20-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2015 and 2016?

A) 2.9% B) 3.5% C) 4.6% D) 5% E) 7.5%