The situation in which a firm is able to charge the maximum price consumers are willing to pay for each unit of output the firm sells is referred to as:
A) first-degree price discrimination.
B) second-degree price discrimination.
C) third-degree price discrimination.
D) fourth-degree price discrimination.
A
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Suppose you find $1000 in your attic and decide to deposit it all into your local bank, which must hold 20% as required reserves. The deposit expansion multiplier suggests that this $1,000 "injection" of new money will most likely
A) increase the money supply by a little more than $1,000. B) increase the money supply by a little less than $1,000. C) increase the money supply by only $1,000. D) increase the money supply by $5,000.
When there are only two firms in a market, a Stackelburg leader will choose the monopoly output
Indicate whether the statement is true or false
Purchases of stocks and bonds are examples of investment spending
a. True b. False
Injections include
A. Consumer saving. B. Taxes. C. Business saving. D. Exports.