When the Federal Reserve increases the money supply, people spend more because they now have more money
Indicate whether the statement is true or false
FALSE
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__________________ - Every pareto optimal point on the contract curve is a feasible equilibrium
Fill in the blank(s) with the appropriate word(s).
A monopolist engages in price discrimination to:
A. maximize profits. B. further restrict output to increase its profits. C. increase consumer surplus. D. increase price beyond the profit-maximizing level.
The total value of all capital goods newly produced in a given period is
A. the change in business inventories. B. net investment. C. depreciation. D. gross investment.
The result that a firm should produce where MC=MR except when the shutdown condition is met is based on the assumption that it is attempting to
A. minimize average costs B. maximize market share. C. minimize marginal costs. D. maximize profit.