State whether the following describes MC (marginal cost), ATC (average total cost), AVC (average variable cost), or AFC (average fixec cost). Some statements may describe more than one cost curve. a. Costs continuously decline as output rises. b. Always lies above the AVC curve. c. First declines as quantity increases, but then increases as quantity increases. d. Cuts the ATC and AVC at their minimum points.

estion F Draw a graph that illustrates a demand-pull inflation. Price level (GDP deflator, 2012 = 100) The graph shows the aggregate demand curve, aggregate supply curve, and the potential GDP line. Potential GDP 140- Draw a curve that shows the effect of an increase in the quantity of money. Label it C,. Draw a curve that shows the money wage rate response that returns the economy to potential GDP. Label it C2. 130- Draw a curve that shows the effect of another increase in the quantity of money. Label it C3. 120- Draw a curve that shows the money wage rate response that returns the economy to potential GDP. Label it C4 AS Draw a point at the new price level and real GDP when the economy returns to its new long-run equilibrium. 110 110- 100- AD 20.0 90+ 18.0 18.5 19.0 19.5 20.0 20.5 21.0 21.5 22.0 Real GDP (trillions of 2012 dollars) >>> Draw only the objects specified in the question. Click the graph, choose a tool in the palette and follow the instructions to create your graph.…

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how about questions d and e?

Why is

When seeking employment, your photo on your social media sites should be

What factors should one consider before making a major purchase?

Number 34