The supply of euros is managed by

A) the European Monetary Union.
B) the European Monetary System.
C) the European Central Bank.
D) the European Bank for Reconstruction and Development.

C

Economics

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If short-run aggregate supply is upward sloping, the assumption is that

A) prices are perfectly sticky. B) prices are set by government mandate. C) prices adjust gradually. D) prices are constant.

Economics

Marginal cost is best defined as

A) the extra cost of producing one more unit of output. B) the profit earned from selling one more unit of output. C) the price received from selling one more unit of output. D) equal to producer surplus.

Economics