For a single-price monopoly, marginal revenue is ________ when demand is elastic and is ________ when demand is inelastic

A member of a corporate board of directors that does not have a direct management role in the firm is known as

A) a shareholder. B) a corporate governor. C) an inside director. D) an outside director.

If a central bank decreases the money supply in response to an adverse supply shock, then which of the following quantities moves closer to its pre-shock value as a result?

a. both the price level and output b. the price level but not output c. output but not the price level d. neither output nor the price level