The monopolist's marginal revenue curve
A) doesn't exist.
B) lies below the demand curve.
C) is identical to the demand curve.
D) lies above the demand curve.
B
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Core inflation is all of the following but:
A. a measure of inflation that excludes goods with historically volatile price changes. B. the BLS's official measure of changes in prices. C. Both an overall rise in prices in the economy. D. a measure of inflation that excludes gasoline and food price changes.
For both Keynesians and monetarists to predict accurately the effects of a change in the money supply on the price level, they need to add ____ to their analysis
a. aggregate demand b. nominal GDP c. real GDP d. aggregate supply e. government spending
What is a multiplier? How does the multiplier effect occur?
Hector has $2,000 a month to spend on clothing and food. The price of clothing is $50 and the price of food is 20. The clothing and food pairs in Hector's choice set include ________ units of clothing and ________ units of food.
A. 100; 100 B. 16; 60 C. 40; 100 D. 30; 50