Which of the following is the objective of expansionary monetary policy?
A. an increase in employment
B. a decrease in employment
C. an increase in the velocity of money
D. an increase in prices proportional to the rise in the money supply
Answer: A
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"Compared to a competitive market, a single-price monopoly decreases the consumer surplus and increases the economic profit." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Refer to Figure 16-1. What is the consumer surplus received under perfect price discrimination?
A) the area under the demand curve above P1 B) the area under the demand curve above P4 C) the area under the demand curve above P3 D) zero
An increasing percentage of women are in the work force. Which variable does this directly affect?
a. The employment-population ratio b. Productivity c. Average hours d. Population e. Technology
The principle of comparative advantage explains specialization and trade among countries but not among individuals
a. True b. False Indicate whether the statement is true or false