Author Question: What is the shape of the average total cost curve for a firm in the short run? a. U-shaped. b. A ... (Read 37 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
What is the shape of the average total cost curve for a firm in the short run?
 a. U-shaped.
  b. A horizontal line.
  c. A vertical line.
  d. A curve that slopes upward to the right.

Question 2

According to Keynes, if private sector demand is insufficient to maintain full employment, the government should:
 a. make the economy's natural transition to a lower level of employment as easy as possible.
  b. shock the economy with an increase in aggregate demand.
 c. reduce aggregate supply to reduce inflation.
 d. print money to promote consumer spending.
 e. take steps to increase aggregate supply in an economy.



sarah_brady415

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

For a complete list of videos, visit our video library