When family incomes are ranked from lowest to highest, the middle income is known as the

Suppose that the United Kingdom pegs the pound to the euro and the European Central Bank decides to use monetary policy to offset the possible inflationary effects of European expansionary fiscal policy. Would it expand, contract, or not change the European money supply?

A) expand B) contract C) not change D) The answer cannot be determined using the information provided.

The manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function to beAVC = 88 - 0.026Q + 0.000003Q2Greene Enterprises faces total fixed costs (TFC) of $300,000. When Greene's output is 2,000 units, average variable cost (AVC) is

A. rising B. falling C. greater than short-run marginal cost D. less than short-run marginal cost E. both b and c