The concept of a "political business cycle" suggests that a possible cause of macroeconomic instability is due to the use of fiscal policy for political purposes.

A ________ is a governance structure where owners are not personally liable

A) sole proprietorship B) partnership C) mixed enterprise D) corporation

Refer to Figure 7.1. At output level Q2

A) average fixed cost is increasing. B) average variable cost equals average fixed cost. C) marginal cost is negative. D) average total cost is negative. E) none of the above