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A change in monetary policy affects
Ratio
A mathematical expression that represents the quantitative relationship between two numbers, showing how many times one value contains or is contained by the other.
Output
The total amount of goods or services produced by a firm, industry, or economy in a given period.
Average Fixed Costs
The fixed costs of production divided by the quantity of output produced, decreasing as production increases.
Annual Fixed Cost
The total of all business expenses that remain constant regardless of any change in production levels or sales volume over a year.
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