Figure 7-5
 

Which of the curves in Figure 7-5 could be a firm’s average fixed cost curve?

When a nation prints money (rather than taxing directly) to finance its government spending, it results in inflation, and purchasing power of the private sector falls. This is known as:

A) benchmarking. B) indirect taxation. C) seigniorage. D) creeping inflation.

Macroeconomics is the area of economics that deals with behavior and decision making in small units

a. true b. false