Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

The calculation of stockholder wealth involves

A) the time-value of money concept. B) the cash flow stream. C) business and financial risk. D) All of the above

Because a monopoly's demand curve is the same as the market demand curve for its product

A) the monopoly's marginal revenue equals its price. B) the monopoly is a price taker. C) the monopoly must lower its price to sell more of its product. D) the monopoly's average total cost always falls as it increases its output.