Which of the following statements is true of a monopolist?
a. It can raise price without losing sales, since there are no competitors.
b. At a given price, it can sell all of the output that it can produce.
c. It is able to choose a price & output combination to the right of its demand schedule.
d. At a given price it can sell only one particular output level.
D
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The software industry has traits in common with monopoly markets.
Answer the following statement true (T) or false (F)
Suppose that the size of the labor force is 100 million and that the unemployment rate is 5 per cent. Which of the following actions would reduce the unemployment rate the most?
A. 1 million unemployed people get jobs B. 2 million unemployed people leave the labor force C. 3 million people join the labor force and they all get jobs D. 10 million people join the labor force and half of them get jobs
Refer to the above diagram. If aggregate supply shifts from AS1 to AS3, then real domestic output will:
A. increase and the price level will increase. B. decrease and the price level will decrease. C. increase and the price level will decrease. D. decrease and the price level will increase.
What is a reverse repurchase agreement? How does the Fed use reverse repurchase agreements to target the federal funds rate?
What will be an ideal response?