For a monopoly, the market demand curve is the firm's
A) supply curve.
B) marginal revenue curve.
C) demand curve.
D) profit function.
C
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If planned aggregate expenditure is less than total production
A) the economy is in equilibrium. B) GDP will increase. C) actual inventories will equal planned inventories. D) firms will experience an unplanned increase in inventories.
The portion of corporation profits received by shareholders is termed
a. stocks b. bonds c. dividends d. interest e. principal
If the demand for apples is highly elastic and the supply is highly inelastic, then a tax imposed on apples will be paid: a. largely by the sellers of apples with more elastic supply. b. largely by the buyers of apples with more elastic demand. c. equally by the sellers and buyers of apples
d. largely by the sellers of apples with less elastic supply.
During 1929-1933, monetary policy was
a. highly expansionary and this led to an increase in the general level of prices. b. characterized by steady monetary growth, which resulted in price stability. c. characterized by a sharp reduction in the supply of money, which led to downward pressure on prices and a decline in output. d. highly expansionary and this led to a reduction in the general level of prices.