When a firm’s fixed cost rises, its total profit curve shifts
A. up at every output level.
B. down at every output level.
C. left at every profit level.
D. right at every profit level.
Answer: B
Economics
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Assume that the actual inflation rate is 3 percent, the target inflation rate is 2.5 percent, and that the percentage difference between actual and potential real GDP is 1 percent
According to the Taylor rule, the federal funds rate target should be A) 3.25 percent. B) 5.75 percent. C) 6.25 percent. D) 5.50 percent.
Economics
A game in which players collectively lose is known as a
A) zero-sum game. B) positive-sum game. C) negative-sum game. D) cooperative game.
Economics