The data below relates to a pure monopoly and the product it produces. What is the profit-maximizing output and price for this firm?

What is the "good news" and the "bad news" about a lower value of the U.S. dollar?

What will be an ideal response?

In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 100 and real GDP of $17.0 trillion, then it must be the case that

A) aggregate demand has decreased. B) aggregate supply has decreased. C) aggregate demand has increased. D) aggregate supply has increased.

The level of fiscal federalism in the European Union is

A) too big to cushion member countries from adverse economic events. B) too small to cushion member countries from adverse economic events. C) appropriate to cushion member countries from adverse economic events. D) too big relative to the one in the U.S. E) similar in its level to that of the U.S.

Which of the following is not a problem in the People's Republic of China following the economy's rapid growth?

A. income inequality B. labor issues C. lack of potential for foreign trade because of China's comparative advantage in the production of all goods D. pollution