The French term "laissez-faire" means:
A. "there is no free lunch."
B. "let it be."
C. "circular flow."
D. "public ownership."
Answer: B
Economics
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According to the above figure, the profit-maximizing price for the monopolist is
A) A. B) B. C) C. D) D.
Economics
The Federal Reserve will tend to tighten monetary policy when
a. interest rates are rising too rapidly. b. it thinks the unemployment rate is too high. c. the growth rate of real GDP is quite sluggish. d. it thinks inflation is too high today, or will become too high in the future.
Economics