If marginal cost is increasing then:
a. marginal product must be increasing
b. average variable cost must be increasing.
c. average total cost must be increasing.
d. none of the above must necessarily be true.
d
Economics
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Other things constant, the quantity of money demanded varies inversely with the:
a. exchange rate. b. commercial loan rate. c. discount rate. d. market interest rate.
Economics
If real GDP increases, ceteris paribus, the demand for money decreases
Indicate whether the statement is true or false
Economics