A monopolist is a price searcher because it has the ability to select the price along its demand curve of its product
a. True
b. False
Indicate whether the statement is true or false
True
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Can macroeconomic policy be used systematically to create unanticipated inflation?
A) No, according to Keynesian economists. B) Yes, according to classical economists. C) No, according to classical economists. D) Yes, according to Keynesian economists, if Ricardian equivalence holds.
By including another variable in the regression, you will
A) decrease the regression R2 if that variable is important. B) eliminate the possibility of omitted variable bias from excluding that variable. C) look at the t-statistic of the coefficient of that variable and include the variable only if the coefficient is statistically significant at the 1% level. D) decrease the variance of the estimator of the coefficients of interest.
Which of the following statements is true?
(a) A country runs a current account deficit if it exports more goods and services than it imports; (b) The sum of the current and capital accounts must be zero; (c) If both the current and capital accounts are in surplus, the exchange rate must appreciate; (d) None of the above are true.
The data below relate to a pure monopolist and the product it produces. If the firm currently sells 2 units of output at a price of $18, in order to maximize profit the firm should:PriceQuantityTotal Cost$220$20201241822716333144401254910659
A. lower its price to $14. B. lower its price to $16. C. raise its price to $20. D. leave its price and output unchanged.