In the above figure, a single-price monopolist charges a price of ________ and the equilibrium competitive price is ________
A) $10; $20
B) $20; $30
C) $30; $20
D) $30; $10
C
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Describe the concept of flight to quality in terms of the Russian government default of August 1998.
What will be an ideal response?
The figure above shows the loanable funds market. At an interest rate of
A) 4 percent, the quantity supplied of loanable funds equals $18 trillion. B) 8 percent, the quantity demanded of loanable funds exceeds the quantity supplied. C) 6 percent, the quantity demanded of loanable funds equals $14 trillion. D) 8 percent, there is a surplus of loanable funds. E) 4 percent, there is a surplus of loanable funds.
What is the difference between goods and services?
What will be an ideal response?
As a general rule, a recession is a decline in real GDP lasting at least:
a. one year. b. six months. c. three months. d. one month.