A single-price monopolist determines
A) its output but not its price.
B) its price but not its output.
C) both its output and its price.
D) neither its output nor its price.
C
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Suppose the government has a $900 billion budget deficit. If the government borrows $560 billion to finance this deficit and finances the rest by printing money, the amount of new money created will be
A) $340 billion. B) $560 billion. C) $900 billion. D) $1,460 billion.
In the 1970s, nominal interest rates in the United States were quite high, while real rates were extremely low
Which group "wins" in this circumstance, lenders or borrowers? What might explain the willingness of the "losers" to accept disadvantageous loan terms?
When everyone correctly anticipates that the Fed will buy government securities, then they know that prices will increase. Which of the following adjustments is not likely to occur?
A) Workers will negotiate higher wages. B) Suppliers of resources will demand higher prices for their resources. C) Producers will prevent the price level from increasing and hurting their sales. D) Producers will raise prices.
Refer to the graph shown. The loss of surplus to consumers resulting from monopoly is:
A. 42.5. B. 20. C. 31.25 D. 11.25.