The existence of money

If the natural monopoly shown in the figure above is unregulated, then the deadweight loss will be

A) $0. B) $2 million. C) $4 million. D) $8 million.

The switch to flexible exchange rates in 1973 has made the effect of monetary policy on net exports a ________ important component of the monetary policy multiplier process, and thus has ________ the effectiveness lag

A) more, lengthened B) more, shortened C) less, lengthened D) less, shortened