When the economy is on the flatter part of the short run aggregate supply curve, efforts to change inflation with monetary policy will be ____ successful and efforts to stimulate the economy will be ____ successful
a. More; more
b. More; less
c. Less; more
d. Less; less
c
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A stock whose rate of return fluctuates less than the rate of return of a market portfolio will have a beta that equals
A) 1. B) less than 1. C) more than 1. D) Either A or C above
The "paired observation" of (-14, -6 ) means
A) x = -14, y = -6 B) x = -6, y = -14 C) that the distance between the two points will be 8. D) the origin is at -14 and -6.
Which of the following is not a reason for the existence of imperfect competition in health care markets?
a. easy entry into industry b. restrictions on advertising c. economies of scale d. collusion
Refer to the information provided in Figure 13.8 below to answer the question that follows. 
Figure 13.8 Refer to Figure 13.8. The only firm producing electricity has the long-run average total cost curve shown. The total amount of demand for kilowatts is 100,000 per hour. It makes economic sense for this firm to be the only producer of electricity because this firm
A. must have control over a scarce factor of production. B. must have a patent on the production process necessary to produce electricity. C. must be realizing economies of scale in producing electricity. D. must have a government franchise to produce electricity.