When the marginal revenue curve is drawn for a monopolist, the curve
a. is above the monopolist's demand curve initially and then falls below the demand curve.
b. is above the monopolist's demand curve for all output levels
c. is equal to the monopolist's demand curve at all output levels.
d. is below the monopolist's demand curve, beyond the initial unit produced.
d
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Which of the following would reduce the money multiplier?
A) bank reductions in desired reserve holdings B) reducing the reserve ratio C) cash drains from banks D) bond purchases by the Fed
A hidden cost fallacy can be avoided
a. by ignoring the opportunity costs to using a capital b. by ignoring the cost of capital c. by taking all capital costs into account including the cost of equity d. none of the above
To reduce the outflow of dollars from the United States, we need to
A. lower the budget deficit and the trade deficit. B. raise the budget deficit and the trade deficit. C. raise the budget deficit and lower the trade deficit. D. lower the budget deficit and raise the trade deficit.
The actual multiplier for the U.S. economy is estimated to be
A. about 10. B. approximately 5. C. between 3 and 4. D. less than 2.