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Question - Aspen Artifacts sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs. Compute the Breakeven point in units?
a. 2,000 units
b. 3,000 units
c. 5,000 units
d. None of these answers are correct.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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