Which Latin American country defaulted on loans in 2005 and paid off their creditors at only 1/3 value?

The average total cost curve

A) is U-shaped. B) diminishes initially because average fixed costs diminish. C) increases eventually because of diminishing returns. D) All of the above answers are correct.

Supporters of supply side economics believe that

a. government should be used as a tool to increase demand for goods b. demand for goods increases when prices rise c. taxes have a strong negative influence on economic output d. tax cuts have little impact on worker productivity