In the figure above, a single-price unregulated monopoly sets a price equal to
A) a.
B) b.
C) c.
D) d.
B
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How can the Federal Reserve actually increase the money supply?
A) by delaying transfer of money among banks B) by purchasing more government bonds in the open market C) by doubling the reserve requirement D) by raising the discount rate
Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after three years?
A) $56.04 B) $112.26 C) $208.03 D) $439.15
On average, middle-aged people tend to have higher incomes than younger or older people do because: a. they receive more money from the government than younger or older people do. b. they are at an age where their productivity is at its peak
c. they participate in the labor force to a lesser extent than do the young or the old. d. they are subject to lower rates of taxation than are younger or older workers.
According to the kinked demand curve model, an oligopolist may face
A. more elastic demand than a monopolistic competitor. B. less elastic demand than a monopolistic competitor. C. more elastic demand if she raises her price than if she lowers her price. D. less elastic demand if she raises her price than if she lowers her price.