A monopolist's profits with price discrimination will be _____ if the firm charged just one price
Fill in the blank(s) with the appropriate word(s).
Answer: higher than
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A President who favors the use of government spending and taxes as tools to offset instability in the economy is likely to have advisers who are oriented toward
A) Keynesian economics. B) Monetarist economics. C) rational expectations. D) the policies advocated by Milton Friedman.
In a simple economy (no government sector), the equilibrium level of GDP will be less than the full employment level of income if, at the full employment level of income, the
a. saving that consumers want to do is less than investing that businesses want to do. b. saving that consumers want to do is greater than investing that businesses want to do. c. saving that consumers want to do is less than spending that consumers want to do. d. inventories are being depleted.
The manufacturer of Beanie Baby dolls used quarterly price data for 2005 I - 2013 IV (t = 1, ..., 36) and the regression equationPt = a + bt + c1D1t + c2D2t + c3D3tto forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t, and D3t are dummy variables for quarters I, II, and III, respectively. 
The estimated QUARTERLY increase in price is ________, and the estimated ANNUAL increase in price is ________ .
A. $0.60; $2.40 B. $1.50; $6.00 C. $0.80; $3.20 D. $1.40; $4.00 E. none of the above
In moving from a private closed to a mixed closed economy in the aggregate expenditures model, taxes:
A. must be added to gross investment. B. must be added to saving. C. must be added to consumption and gross investment. D. have no impact upon the equilibrium GDP.