The figure above shows the demand, marginal revenue, and marginal cost curves for Paul's Parrot Pillows, a single-price monopoly producer of pillows stuffed with parrot feathers. When Paul maximizes his profit, he produces ________ pillows per hour
A) 1,000
B) 3,000
C) 4,000
D) 0
E) 2,000
B
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Consequences of the European Monetary Union include ________
A) a global financial crisis in 2007-2008 B) tightening of capital controls in several economies C) convergence of unemployment rates across the member economies D) consistent monetary policy across the member economies
Elimination of the current 13% overproduction of greenhouse gasses (GHG) by the U.S.
A. can be achieved by encouraging American drivers to be more considerate of poorer nations. B. might require a substantial per gallon increase in the price of gasoline in the U.S. C. can be achieved by repealing the current federal excise tax on gasoline. D. is likely to be achieved almost painlessly as the Baby Boomers retire.
In 2011, these states saw challenges to the collective bargaining rights of their teachers.
A. Nevada and Texas B. Alabama and Florida C. New York and California D. Wisconsin and Indiana
The short-run Phillips curve will shift if there is
A) a change in inflation expectations. B) an increase in inflation that is unanticipated. C) an increase in the unemployment rate. D) a decrease in inflation that is unanticipated.