A monopoly price reflects a good's marginal utility

The data in the above table indicate that when the price level is 120

A) firms have unexpectedly low inventories, so prices will rise. B) inventories are at levels planned by firms. C) firms will plan to increase the level of output. D) firms have unexpectedly high inventories, so prices fall.

Open market operations refer to the buying and selling of ________ by the ________ to control the money supply

A) Treasury securities; Federal Reserve B) stocks and bonds; Treasury Department C) stocks and bonds; Federal Reserve D) Treasury securities; Treasury Department