If a monopoly's demand curve shifts to the right, the monopoly
A) will charge a higher price.
B) will charge a lower price.
C) will sell more.
D) decision cannot be determined.
D
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During an economic downturn, increased spending on infrastructure repairs is:
A. more costly because the resources needed to complete those projects aren't available. B. a bad idea because there's no need for better infrastructure during an economic downturn. C. less costly because the resources needed to complete those projects would otherwise sit idle. D. a good idea because it will slow the pace of economic recovery.
Why do firms tend to experience decreasing returns to scale at high levels of output?
A) Firms face more problems with coordinating tasks and communications among managers and workers at very high levels of output. B) Government tax policy tends to discourage large-scale production operations. C) Firms face fewer problems with inventory management and marketing as output reaches very high levels. D) Firms tend to use more capital and less labor at higher levels of output.
The general shape of the aggregate supply curve is
a. downward sloping. b. upward sloping. c. vertical. d. horizontal.
Which one of the following is a tool of monetary policy for altering the reserves of commercial banks?
a. Treasury deposits b. Federal Reserve Notes c. Reserve ratio d. Budget surplus or budget deficit