A decrease in ________ decreases the demand for money.
A) the discount rate
B) real GDP
C) the interest rate
D) the quantity of money
Question 2
If the price of its product just equals the average variable cost of production for a competitive firm,
A) total revenue equals total fixed cost and the firm's loss equals total variable cost.
B) total revenue equals total variable cost and the firm's loss equals total fixed cost.
C) total fixed cost is zero.
D) total variable cost equals total fixed cost.
Masaccio, The Tribute Money.
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