U.S. public utilities are often:
a. perfect competitors
b. created through patent protection.
c. regulated natural monopolies.
d. employee-owned public enterprises.
c
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The slope of the aggregate supply curve shows that the ________ the price level, the ________
A) lower; is the quantity of potential GDP supplied B) lower; greater is the quantity of real GDP supplied C) higher; is the quantity of potential GDP supplied D) higher; greater is the quantity of real GDP supplied E) higher; smaller is the quantity of real GDP supplied
Does the money demand curve have a positive slope or a negative slope? Why does it have this slope? Explain why an increase in the variable on the vertical axis of the money demand curve causes either an increase or a decrease in the variable on the
horizontal axis of the money demand curve.