Price will be higher and output will be lower under monopoly than under perfect competition with the same demand and cost conditions
Indicate whether the statement is true or false
TRUE
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The International Monetary Fund was created to achieve each of the following goals EXCEPT
A) lend funds to countries with international payment problems. B) lend funds to large government infrastructure projects. C) monitor and offer advice on the exchange rate policies of member nations. D) encourage free convertibility of the currencies of member nations.
How many members are there on the Board of Governors of the Federal Reserve?
a. 12 b. 50 c. 7 d. 4 e. 14
Which of the following would most likely cause an increase in aggregate demand?
a. an increase in the corporate income tax b. an increase in interest rates c. an increase in the budget deficit d. an increase in personal income tax rates
If there is an unanticipated increase in aggregate demand, which of the following is most likely to occur?
What will be an ideal response?