The purpose of social regulation is
A) to force a firm to produce at the point where marginal cost equals marginal revenue.
B) to control the quality of service provided by a monopolist.
C) to control the price that regulated enterprises are allowed to charge.
D) to focus on the impact of production on the environment and society, the working conditions under which goods and services are produced, and sometimes the physical attributes of goods.
D
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Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is less than one, a decrease in the currency-deposit ratio causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
In Figure 4.2, the reason that the increase in output from point B to C is much greater than the increase in output from point C to D is that 
A. there is waste. B. small levels of production are often inefficient and that significant increases in production can occur thereafter at only a small additional cost. C. it is very difficult and very expensive to increase output once the capacity of the machinery has been reached. D. it always costs more money to increase output.