If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then the deadweight loss from monopoly equals
A) $21.
B) $441.
C) $882.
D) $1,764.
B
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At a recent company meeting, Geraldine Erwin, sales manager of Dastoria, a flavored-beverage producer announced, "We have increased our sales by 8 percent in just six months"
Suppose six months ago, its sales amounted to $452,000, what is the value of its sales today? A) $36,160 B) $415,840 C) $488,160 D) $565,000
Fiscal policy is
A) the money supply policy that the Fed pursues to achieve particular economic goals. B) the spending and tax policy that the government pursues to achieve particular macroeconomic goals. C) the investment policy that businesses pursue to achieve particular macroeconomic goals. D) the spending and saving policy that consumers pursue to achieve particular macroeconomic goals. E) none of the above
The time that elapses between the beginning of a recession or an inflationary episode and the identification of the macroeconomic problem is referred to as a(n)
A. legislative lag. B. implementation lag. C. recognition lag. D. budget lag.
One year nominal GDP was $286 billion and the price index was 88. Real GDP that year was ________.
A. $308 billion B. $252 billion C. $325 billion D. $262 billion