The contemporary consensus with regard to stabilization policy is that
a. fiscal policy is, for now, the "only game in town."
b. fiscal policy is more effective than monetary policy.
c. monetary policy is, for now, the "only game in town."
d. monetary policy is slightly more effective than fiscal policy.
c
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Some economists argue that Microsoft become a monopoly in the market for computer software by developing MS-DOS, an operating system used for the first IBM personal computers
The more people who used MS-DOS-based programs, the greater the usefulness of a using a computer with an MS-DOS operating system. The explanation for Microsoft's monopoly is A) the development of new technology that other firms could not copy. B) network externalities. C) patents Microsoft obtained when it developed the MS-DOS operating system. D) control of a key resource which, in this case, is the MS-DOS operating system.
When a firm uses a form of quantity discrimination that charges large purchasers less it is the high quantity purchasers that generate most profit
Indicate whether the statement is true or false