The demand curve that a monopolist faces is:
A. the market demand curve.
B. the same as the demand curve that faces a perfectly competitive firm.
C. not affected by changes in the prices of other goods.
D. generally flatter than the demand curve that faces a perfectly competitive firm.
Answer: A
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In response to already low short-term interest rates doing little to stimulate the economy during the Great Recession, the Fed began purchasing mortgage-backed securities and long-term government bonds to bring down long-term interest rates
This policy was called A) closed market operations. B) contractionary monetary policy. C) inflation targeting. D) quantitative easing.
Because the actual market-capitalist system is a combination of market processes and political processes,
A) it can only be managed appropriately by well-trained political economists. B) it is often unclear where to place the blame when things go wrong. C) political considerations will always ruin the market process. D) economic considerations will always ruin the political process.
What did the Economic Act of 1946 require the U.S. government to do?
(a) Keep its "hands off" the economy (b) Present an annual "Economic Report of the President" (c) Let market forces determine equilibrium quantities of labor hired and wages paid (d) Maintain a current account surplus where U.S. exports exceeded imports each year
Which of the following will decrease if the Fed sells bonds?
a. autonomous consumption. b. business investment. c. real GDP. d. none of the above.