In response to the financial crisis of 2007-2008, policymakers used
a. expansionary monetary policy and expansionary fiscal policy.
b. expansionary monetary policy and contractionary fiscal policy.
c. contractionary monetary policy and expansionary fiscal policy.
d. contractionary monetary policy and contractionary fiscal policy.
a
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At a certain level of production, the average total cost faced by a monopolist is $6 and the marginal cost faced by the monopolist is $4
If the government decides to regulate the market by setting the price at the efficient price, the good will be sold at a price of: A) $2 per unit. B) $4 per unit. C) $6 per unit. D) $10 per unit.
Suppose a consumer buys only food and clothing. If the quantity of food bought decreases while that of clothing remains the same, their marginal utility from food will: a. fall relative to the marginal utility of clothing
b. rise relative to the marginal utility of clothing. c. rise, but not as fast as their marginal utility of clothing rises. d. fall, but not as fast as their marginal utility of clothing falls.