A monopolist price discriminates by
a. charging different buyers different prices for different products
b. charging different buyers different prices for the same product
c. selling at a price below average total cost
d. selling at a price below marginal cost
e. selling at a price above marginal revenue
B
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Which of the following is an example of a discretionary fiscal policy during a recession?
A) A temporary tax cut to boost consumption B) A decrease in money supply to lower the federal funds rate C) A decrease in transfer payments to unemployed workers D) An increase in tax rates to increase revenue
Increasingly, foreign aid from the United States to less-developed countries has been in the form of grants
Indicate whether the statement is true or false
The slope of the aggregate demand curve is generally believed to be
a) an increasing function of the interest rate b) an increasing function of the price level c) a decreasing function of the price level d) horizontal e) initially upward-sloping, then eventually becoming vertical
Giving the Fed a high degree of independence means all but:
A. the Fed governors will not be as tempted by political pressure. B. it is less likely to expand the money supply simply to make it cheaper for the government to repay its debt. C. The federal government will not have to borrow to finance its budget deficit. D. technocrats-rather than politicians-are in charge, which tends to increase people's trust in the stability of the dollar.