The demand curve for a monopolist is:
a. the demand curve for the industry.
b. less than the market demand curve.
c. below the marginal revenue curve.
d. nonexistent.
e. the sum of the demand curves of the perfectly competitive firms in the industry.
a
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By 2012, the dollar value of the debt:
A. past 100 percent of GDP. B. the lowest in the U.S. history. C. was reduced to $500 billion. D. back down to 40 percent of GDP.
When a firm is able to put idle equipment to use by hiring another worker,
a. variable costs will rise. b. variable costs will fall. c. fixed costs will fall. d. both fixed costs and variable costs will rise.
In practice, the Fed focuses on changing reserves to change the total money supply.
Answer the following statement true (T) or false (F)
Suppose an economy can be described by the consumption function C = 75 + 0.80YD and I = $50. What is the multiplier?
A. 5. B. 0.20. C. 1.25. D. 0.80.