A monopolist's demand curve implies that
a. the monopolist is a price taker.
b. the monopolist is a price maker.
c. it has nothing to do with the amount a monopolist can sell.
d. it can be downward sloping or horizontal depending on the price.
b
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Compare the policy prescriptions of Keynesian, Classical, and Monetarist economists
What will be an ideal response?
A decrease in individual income taxes ________ disposable income, which ________ consumption spending
A) decreases; increases B) increases; increases C) increases; decreases D) decreases; decreases
Where pollution is prevalent, we might expect that
a. externalities are being effectively internalized b. marginal social costs are greater than marginal private costs c. marginal costs are greater than marginal benefits d. marginal private costs are greater than marginal social costs e. externalities are not important
Which of the following is included in M2 but not in M1?
a. demand deposits
b. corporate bonds
c. large time deposits
d. money market mutual funds