A decrease in the fractional reserve requirement ratio will
A) Alter the slope of the money supply curve. B) Shift the money supply curve to the left.
C) Will decrease the money multiplier. D) None of the above.
Answer: D
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In 2004 , the pizza market in Charleston, Illinois, was perfectly competitive. But almost overnight, one firm bought up all its competitors to become the monopoly in the Charleston pizza market. As a result,
a. less pizza was produced and price increased b. more pizza was produced and price increased c. less pizza was produced and price decreased d. more pizza was produced and price decreased e. quantity and price remained the same but profit increased
Refer to the table below. In the long run the firm should use plant size ATC-3 for what level of output?
Plant sizes get larger as you move from ATC-1 to ATC-4.
A. Less than 3000
B. 3000 to 3500
C. 4000 to 4500
D. 5000 to 5500