Attempts to fine-tune the economy through shifts in fiscal and monetary policy
A) cannot alter the level of unemployment but may change the price level.
B) may not do any good but certainly do no harm.
C) produce greater stability, but only at the cost of an ever-increasing national debt.
D) will increase rather than reduce instability if the policy makers lack adequate information.
D
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For most firms, any of the following could be considered an accident except which one?
A) failing to earn an economic profit B) audit failure C) product failing safety standards D) patent infringement
The conditions for successful price discrimination include
a. some ability for the firm to set the price. b. strong barriers segmenting markets. c. an inability for any customer to resell the product. d. All of the above.
An increase in government spending, other things constant, will cause a: a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve. c. leftward shift of the aggregate demand curve. d. rightward shift of the aggregate demand curve. e. downward movement along the aggregate supply curve.
If the firm facing the demand curve P = 10 - Q still has zero marginal costs and is now a perfect price discriminator instead of a single price monopolist, what will profits be if fixed costs are 12? 
A. 10 B. 13 C. 38 D. 12