Which of the following cost curves is most often drawn with a U shape?

A. Total cost
B. Average fixed cost
C. Marginal cost
D. Fixed cost

Answer: C

Economics

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In the short-run, demand-pull inflation increases:

A. Real wages, but in the long run only nominal wages B. Nominal wages, but in the long run only real wages C. Real output and the price level, but in the long-run only real output D. Real output and the price level, but in the long-run only the price level

Economics

Refer to the diagrams. The numbers in parentheses after the AD 1 , AD 2 , and AD 3 labels indicate the levels of investment spending associated with each curve. All figures are in billions. Which of the following would shift the money supply curve from MS 1 to MS 3 ?



A.  An increase in the discount rate.
B.  Purchases of U.S. securities by the Fed in the open market.
C.  Sales of U.S. securities by the Fed in the open market.
D.  An increase in the reserve ratio.

Economics