The monopolistic firm's demand curve
A. is perfectly inelastic.
B. coincides with its marginal revenue curve.
C. is perfectly elastic.
D. is less elastic than a perfectly competitive firm's demand curve.
D. is less elastic than a perfectly competitive firm's demand curve.
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According to aggregate demand and supply analysis, the negative demand shock of 2000-2004 had the effect of
A) increasing aggregate output, lowering unemployment, and raising inflation. B) decreasing aggregate output, raising unemployment, and raising inflation. C) increasing aggregate output, lowering unemployment, and lowering inflation. D) decreasing aggregate output, raising unemployment, and lowering inflation.
If the reserve requirement is 0.2 and demand deposits are $800 (assume no earlier loans), the banks can lend out
a. $800 b. $80 c. $640 d. $160 e. $960