Suppose a monopolist faces the following demand curve.
If the monopolist were to sell 20 units of output, its total revenue would be:
A. $50.
B. $140.
C. $100.
D. $1,000.
Answer: D
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A) inflation rate. B) exchange rate. C) interest rate. D) none of the above.
To the extent that the political process of moving legislation through Congress is slow
A. the recognition time lag will be long. B. automatic stabilizers will not be effective. C. the action time lag will be long. D. the effect time lag will be long.
Government spending conducted for the purpose of achieving full employment, price stability, or economic growth is an example of
A) fiscal policy. B) monetary policy. C) interest-rate policy. D) exchange-rate policy.
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A. positioning statement B. sales promotion C. mixing elements D. brand equity E. leaky bucket