A. MC B. AC C. TC D. FC Correct Answer: Option B B. AC Explanation Average cost shows the cost…
A. Economies of scale B. Money cost C. Opportunity cost D. Cost functions Correct Answer: Option A A. Economies of…
A. Deflation B. Reinflation C. Disinflation D. Inflationary gap Correct Answer: Option D D. Inflationary gap Explanation Restrictive monetary policy…
A. monetary policy B. fiscal policy C. credit ceiling D. open market operation Correct Answer: Option C C. credit ceiling…
A. stagflation B. inflationary spiral C. slump inflation D. inflationary gap Correct Answer: Option C C. slump inflation Explanation An…
A. when the demand and supply of money are equal B. when demand is greater than supply of money C.…
A. Deductive reasoning B. Inductive reasoning C. Normative reasoning D. Positive reasoning Correct Answer: Option B B. Inductive reasoning Explanation…
A. 145 B. 15 C. 90 D. 6 Correct Answer: Option B Explanation Arithmetic Mean = ∑X N where N…
A. Frugal economy B. Spend-thrift economy C. Capitalist economy D. Mixed economy Correct Answer: Option A A. Frugal economy Explanation…
A. income approach B. expenditure approach C. value added method D. output approach Correct Answer: Option A A. income approach…