When the economy is initially at full employment:
a. contractionary monetary policy can result in increased real output, but only in the short run
b. contractionary monetary policy can result in increased real output in both the short run and long run.
c. contractionary monetary policy can result in decreased real output, but only in the short run.
d. contractionary monetary policy can result in decreased real output in both the short run and long run.
c
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Figure 11-5
In Figure 11-5, Crown Theater, a monopolist movie theater, will make a profit of ____ at its profit-maximizing price and quantity of theater tickets.
A. $450 B. $150 C. $300 D. $750
If a firm goes bankrupt, the bondholders will get paid back before the stockholders get any money
a. True b. False Indicate whether the statement is true or false
When total expenditure (TE) exceeds total production (TP), inventory levels rise unexpectedly, which sends a signal to firms that they have overproduced, so they cut back on production
Indicate whether the statement is true or false
A bilateral monopoly means
A) that a monopsonistic employer bargains with two unions. B) that a monopsonistic employer bargains with both an industrial and a craft union. C) that a monopsonistic employer bargains with a monopoly. D) that an industrial union bargains with a two-firm oligopoly.