If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal revenue function is
A) -2.
B) 100 - 4Q.
C) 200 - 4Q.
D) 200 - 2Q.
B
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From time to time, the Federal Reserve sells various quantities of government bonds to the private sector through a process called
A) bond recall procedures. B) open market sales. C) backflip bond investments. D) voluntary redemption procedures.
In understanding the differences of the impact of globalization on inflation in various nations it is important to consider
A) the degree of development in a nation. B) the structure of income taxes in the country. C) the degree of central bank independence. D) all of the above.
The consumer price index (CPI) was 180 for 2009 when using 1995 as the base year (1995 = 100). Now suppose we switch and use 2009 as the base year (2009 = 100). What is the CPI for 1995 with the new base year?
A) 18.0 B) 55.6 C) 80.0 D) 111.2
An increase in government expenditures that ________ the budget deficit in an example of ________
A) raises, automatic stabilization B) raises, discretionary fiscal policy C) lowers, automatic stabilization D) lowers, discretionary fiscal policy