The objective of creating value is the same as

For each one dollar increase in real GDP, aggregate planned expenditure

A) increases by less than a dollar. B) increases only if autonomous expenditure increases. C) increases by one dollar. D) increases by more than a dollar. E) is unaffected.

Under average-cost pricing, an increase in the monopolist's production cost will:

A. decrease its profit because its profit per unit decreases. B. not affect its profit because the government adjusts the regulated price equal to the average cost. C. increase its profit because the monopolist can reduce the average cost at a greater output level. D. None of these