The International Brotherhood of Electricians is an example of a(n)

For a firm with market? power, the price effect is the? ________.

One of the advantages of monetary policy over fiscal policy is that

A. monetary policy allows the Fed to limit government spending so that government budget deficits are reduced. B. monetary policy must be approved by Congress, which prevents bad monetary policy from taking effect. C. the Fed can react more quickly than the legislature can. D. monetary policy does not produce inflation, whereas fiscal policy does.