If a monopolist wants to increase the amount it sells, it
A. must lower the cost of production.
B. must accept lower profits.
C. will keep the price the same.
D. must lower the price on all units.
Answer: D
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Which of the following was NOT a reason given for opposing the renewal of the charters of the Banks of the United States?
(a) The Banks of the United States made too many bad loans. (b) The Banks of the United States were unconstitutional. (c) The Banks of the United States hindered the development of private banks. (d) The Banks of the United States were owned, in part, by foreign investors.
Inflation is a rise in the price level. If it is caused primarily by a decrease in aggregate supply, then we refer to it as
a. demand-push inflation b. cost-pull inflation c. demand-pull inflation d. cost-push inflation e. supply-push inflation
Firms should stop borrowing funds
a. as soon as the bank raises the interest rate. b. when the MRP of borrowed funds is equal to the cost of borrowing. c. whenever the future of the firm looks gloomy. d. if their debts are more than 25 percent of the value of the firm.
The federal budget deficit in 2009 was more than eight times larger than the deficit in 2007
a. True b. False Indicate whether the statement is true or false