A monopolist maximizes profit by producing
a. At MR= rising MC
b. At MR>MC
c. At P=MR
d. At MC=0
a
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Money market mutual funds sell shares to investors and use the money to buy
A) overseas assets through foreign direct investment. B) short-term securities. C) foreign currency. D) mortgage-backed securities.
If the Fed conducted an open market sale of government bonds and raised the discount rate: a. the money supply would increase
b. the money supply would decrease. c. the money supply would not change. d. the money supply could either increase or decrease.
Which of the following lends reserves to private banks?
A. The Legislative Branch of government B. Comptroller of the Currency C. State banking commissions D. The Federal Reserve System