Using supply and demand analysis, customers will stand in line for gasoline when a price ceiling is in force, even if the price ceiling is at a level higher than the equilibrium price

The above figure shows the demand and cost curves facing a monopoly. The monopoly maximizes profit by setting price equal to

A) $100. B) $200. C) $300. D) $400.

A major cause of the Great Recession was:

a. The liberalization of U.S. banking regulations that led to excessive risk taking. b.Excessive foreign exchange speculation. c. Contractionary fiscal policies. d. Excessive money creation by the Federal Reserve immediately before and during the downturn. e. None of the above.