The policy rule recommended by monetarists is that the money supply should be increased at the same rate as the potential growth in:

Which of the following is true of a corrective tax? a. It is also referred to as Pigouvian tax

b. It increases the deadweight loss caused by negative externalities. c. It is inflexible compared with command-and-control regulation. d. It needs to be updated with advances in technology.

Compared to a competitive market with the same long-run costs and market demand, a monopolist has:

A.) Less pressure to reduce costs and less incentive to improve quality. B.) Less pressure to reduce costs and more incentive to improve quality. C.) More pressure to reduce costs and less incentive to improve quality. D.) More pressure to reduce costs and more incentive to improve quality.