The supply curve for the monopolist
a. is horizontal.
b. is vertical.
c. is upward sloping.
d. does not exist.
d
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In calculating GDP, economists
A) measure total expenditure as the only true measure. B) can measure either total expenditure or total income. C) measure total income as the only true measure. D) measure total income minus total expenditure. E) measure total income plus total expenditure.
The omission of household production causes actual economic production to be underestimated
Indicate whether the statement is true or false
Most securities traded in the United States are
a. secondhand securities bought by individuals b. secondhand securities bought by institutional investors c. new securities bought by institutional investors d. new securities bought by banks and insurance companies e. new securities bought by individuals
Other things equal, when U.S. money moves to other countries to take advantage of better foreign investment opportunities, then:
a. the U.S. money supply will increase. b. the reserve requirement for U.S. banks will rise. c. the U.S. money supply will decrease. d. U.S. banks will have excess reserves to loan out. e. the effect of the U.S. deposit expansion multiplier will be increased.