To practice third-degree price discrimination, a pure monopoly must ________.
A. permit the resale of the product by the original buyers
B. be able to separate buyers into different groups with different price elasticities
C. charge one price to all buyers
D. be a natural monopoly
Answer: B
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In the IS-LM model, we can be at natural real GDP with a low interest rate given the combination of ________ fiscal policy and ________ monetary policy
A) tight, tight B) tight, easy C) easy, tight D) easy, easy
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A. no change in B. modest increases C. modest decreases D. substantial increases
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A. A B. B C. C D. It could be line A or B.