A monopolist faces
A. a two-tiered demand curve.
B. the market demand curve.
C. a perfectly inelastic demand curve.
D. a perfectly elastic demand curve.
Answer: B
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Which of the following is NOT a major actor in the foreign exchange market?
A) corporations B) central banks C) commercial banks D) non-bank financial institutions E) tourists
When an economy is in long run equilibrium,
a. it will be impossible to sustain the current rate of output in the future. b. the interest rate will decline. c. the foreign exchange value of the dollar will tend to appreciate. d. the actual and natural rates of unemployment will be equal.
By 2016, economists had drawn what conclusion about the very low productivity growth that lasted from 2005 to 2015?
A. Productivity slowed because of government overregulation. B. Productivity slowed because of a decrease in investment. C. Productivity averaged only 1.2 percent during that time. D. It was merely a temporary pause in otherwise strong productivity growth.