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 97 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?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

For a complete list of videos, visit our video library