The lowest point on a perfectly competitive firm's short-run supply curve corresponds to the minimum point on its

A. AFC curve.
B. MC curve.
C. AVC curve.
D. ATC curve.

Answer: C

Economics

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The government's holdings of foreign currency is recorded in the

A) money account. B) current account. C) currency account. D) official settlements account. E) capital and financial account.

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You can think of velocity as:

A. how much output money can buy. B. how quickly prices are rising. C. how often money changes hands. D. the ratio of the money supply to the inflation rate.

Economics