The demand for a monopoly's output is p = 200 - Q. The monopoly's production function is Q = 2L, and the market wage is $4. How many units of labor will the monopolist employ at its profit maximization level of output?

Refer to Figure 27-1. Suppose the economy is in short-run equilibrium above potential GDP and no policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from

A) D to C. B) C to D. C) E to A. D) C to B. E) A to E.

What could result in an increase of consumption demand and a decrease in labor supply?

A) a drop in current taxes B) an increase in future taxes C) a decrease in total factor productivity D) an increase in government expenses