Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total profit will be:

Consumer preferences, prices of related goods, income, and demographic characteristics are often termed:

A) market technologies. B) demand prices. C) demand shifters. D) supply determinants.

Often, the farther real GDP is below potential GDP,

A) the smaller the multiplier effect. B) the larger the multiplier effect. C) the less effective is the multiplier effect. D) the less meaningful is the multiplier effect.