Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. Ohio Edison would be willing to pay up to area ________ for rent-seeking activities to protect its monopoly power.
A. FGBC
B. FAE
C. FGBE
D. BEC
Answer: C
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Suppose the economy is initially experiencing a short-run recessionary gap. An increase in the size of the budget deficit will
A) increase the size of the recessionary gap. B) reduce the size of the recessionary gap. C) lead to an increase in prices with no increase in real GDP. D) lead to a decrease in prices with an increase in real GDP.
A market system tends to restrict business risk to owners and investors. This results in which of the following benefits?
A. A more stable macroeconomy with fewer recessions. B. Firms are better able to attract inputs, as these inputs do not have to share the risk. C. Government agencies are better prepared to help when businesses fail. D. Consistently lower prices for consumers.
What does LIBOR stand for?
A) London Interbank Offer Rate B) Least Integral Borrowing Order Rate C) Local Interest Bank Ongoing Rate D) Liberalized Interoffer Borrowing Rate
Explain the difference between the effects of a reduction in legal reserve requirements and the effects of an open-market purchase of securities by the Fed