Refer to the figure above. What is the price that the monopolistic firm would charge?

List and briefly explain the steps in how monetary policy affects real GDP in the AS/AD model using as your example the case when the Fed eases monetary policy to fight a recession

What will be an ideal response?

Total factor productivity is

A) the quantity of output per worker. B) the quantity of output per unit of capital. C) the ratio of inputs divided by outputs. D) the quantity of output per unit of input.