Some critics have argued that moving children to private schools might reduce the _________ of education.

The shape of a firm's long-run average cost curve is determined by:

a. the degree to which each input encounters diminishing marginal productivity. b. the underlying nature of the firm's production function when all inputs are able to be varied. c. how much the firm decides to produce. d. the way in which the firm's expansion path reacts to changes in the rental rate on capital.

Suppose there is a tax increase. To stabilize output, the Federal Reserve will

a. increase government spending. b. increase the money supply. c. decrease government spending. d. decrease the money supply.