A monopolist charges a price that is ________ and produces ________ than a perfect competitor
A) lower; less
B) higher; less
C) higher; more
D) lower; more
B
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The part of a commercial bank's reserves that are larger than desired are called
A) additional reserves. B) required reserves. C) excess reserves. D) nonrequired reserves. E) unnecessary reserves.
An increase in real disposable income will:
a. increase the value of net exports of a country. b. decrease the value of net exports of a country. c. increase government purchases. d. decrease government purchases. e. increase net taxes.
If a worker was miscategorized as structurally unemployed when he was really frictionally unemployed, that would not change the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
If the Fed followed a rule for monetary policy, the time inconsistency problem would be eliminated
a. True b. False Indicate whether the statement is true or false