Under a 100-percent-reserve banking system, banks do not influence the supply of money

Refer to the scenario above. This implies that the country experienced a ________ during that year

A) trade deficit B) budgetary surplus C) budgetary deficit D) trade surplus

Monopolists are like perfectly competitive firms in that ______.

a. both maximize profits at the output level where marginal revenue equals marginal cost b. both could be earning either profits or losses in the short run c. both are in industries with downward-sloping demand curves d. all of these are true of both of them e. both maximize profits at the output level where marginal revenue equals marginal cost and both could be earning either profits or losses in the short run are true of both of them, but not both are in industries with downward-sloping demand curves