Monetarists are of the opinion that the private economy is inherently
A. unstable and the public sector should be small in scope.
B. unstable and the public sector should be large in scope.
C. stable, but that the public sector should be large in scope.
D. stable and that the government sector should be small in scope.
D. stable and that the government sector should be small in scope.
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When a firm with market power practices third-degree price discrimination, it charges the highest price to the group that
a. has the most elastic demand. b. has the most inelastic demand. c. purchases the highest quantity. d. purchases the lowest quantity.
A firm that has positive economic profits has accounting profits that are
A) zero. B) positive. C) negative. D) indeterminate without more information.
When net exports are negative,
a. exports are greater than investment. b. depreciation is greater than net investment. c. imports are greater than investment. d. exports are greater than imports. e. imports are greater than exports.
If the Fed increases the required reserve ratio, how will this affect excess reserves and the money supply?
a. Both will increase. b. Excess reserves increase and the money supply decreases. c. Both will decrease. d. Excess reserves decrease and the money supply increases.