The Average Fixed Cost Curve Is

question 6

Multiple Choice

The average fixed cost curve is

• A)U shaped with output
• B)Always increasing with output
• C)Always decreasing with output
• D)None of the above

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Definitions:

Depressions

Extended periods of significant decline in economic activity across an economy, characterized by high unemployment, low consumer spending, and reduced industrial output.

Self Regulating

A system or market that is able to adjust and correct itself without external intervention.

Keynes

John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Aggregate Demand

The total demand for all goods and services within an economy at a particular time and price level, including consumption, investment, government spending, and net exports.