Which statement is true?
A. Fixed costs and variable costs vary with output.
B. Neither fixed costs nor variable costs vary with output.
C. Only fixed cost varies with output.
D. Only variable cost varies with output.
D. Only variable cost varies with output.
Economics
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Which of the following is not an interest-earning asset of commercial banks?
a. Required reserves. b. Checkable deposits. c. Customer savings accounts. d. All of the above are interest-earning assets of commercial banks. e. None of the above are interest-earning assets of commercial banks.
Economics
When the economy is experiencing a contraction, there is an increase in
A. frictional unemployment. B. cyclical unemployment. C. seasonal unemployment. D. structural unemployment.
Economics