Consider the monopoly in the figure below with price regulated at $2 per unit. In this market, ________ units will be exchanged. 
A. 3
B. 8
C. 4
D. 5
Answer: A
Economics
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Profits will be maximized when the slope of the total revenue curve and the slope of the total cost curve equal zero
a. True b. False Indicate whether the statement is true or false
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If the unemployment rate increases from 4 percent to 10 percent, then the economy is mostly likely in a(n):
A. expansion. B. aggregation. C. recession. D. boom.
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The two main tools of macroeconomic policy include monetary policy and fiscal policy. Briefly describe the main components of each.
What will be an ideal response?
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If an outdoor vendor loses her job when winter weather comes, this individual is
A. structurally unemployed. B. seasonally unemployed. C. cyclically unemployed. D. chronically unemployed.
Economics