When a monopolist is ________, it has equated marginal revenue and marginal cost.
A. breaking even
B. producing efficiently
C. maximizing its total revenue
D. maximizing profits
Answer: D
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Which of the following increases aggregate demand?
A) a decrease in taxes B) a decrease in foreign income C) a decrease in government expenditure D) a rise in the interest rate
If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy?
A) a decrease in oil prices B) a decrease in government purchases C) a decrease in taxes D) an increase in the money supply and a decrease in interest rates
According to employment studies, what is the most productive day of the week?
a. Monday b. Tuesday c. Wednesday d. Thursday
Which of the following is true of a recessionary gap?
What will be an ideal response?