The average cost curve for a natural monopoly is downward sloping where it intersects the market demand curve

Which of the following will cause a reduction in the amount of money individuals wish to hold?

A) an increase in income B) an increase in the interest rate C) an increase in the price level D) all of the above

We can estimate that if a country grows at 7 percent per year, it will double its real GDP per capita in:

A. 2 years. B. 20 years. C. 10 years. D. 35 years.