If real GDP is less than potential GDP, then the economy is ________ equilibrium
A) at an above-full-employment
B) not in short-run macroeconomic
C) at a below-full-employment
D) in long-run macroeconomic
C
Economics
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An increased supply of U.S. dollars on the foreign exchange market, all else equal, will result in an appreciation of the U.S. dollar
Indicate whether the statement is true or false
Economics
A firm receives $10 per unit at an equilibrium level of output of 80 units. The average total cost at 80 units of output is $8 . The firm makes a total economic profit of:
a. $120. b. $160. c. $100 d. $80
Economics