All of the following have been proposed as reasons for an unusually high level of uncertainty following the financial crisis of 2007-2009 EXCEPT:
A) the severity of the financial crisis
B) concerns of small businesses regarding how the Affordable Care Act would affect the cost of hiring workers
C) concerns by households and firms regarding potential tax increases and spending cuts scheduled to take place in January 2013
D) the Fed indicating that it would withdraw stimulus as soon as there was any evidence of economic recovery
D
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Refer to above figure. In the absence of trade, how many Widgets does this country produce?
What will be an ideal response?
For a pure monopolist the relationship between total revenue and marginal revenue is such that:
A. marginal revenue is positive when total revenue is at a maximum. B. total revenue is positive when marginal revenue is increasing, but total revenue becomes negative when marginal revenue is decreasing. C. marginal revenue is positive when total revenue is increasing, but marginal revenue becomes negative when total revenue is decreasing. D. marginal revenue is positive so long as total revenue is positive.