The unregulated, single-price monopolist illustrated in the figure above will produce

Fill in the blank: Your textbook authors suggest ________ is the goal of a price-searching firm

A) just getting by B) maximizing sales C) maximizing net revenue D) maximizing total revenue E) maximizing the markup

Which statement is a good argument in support of policy activism?

A) Policy lags are generally longer than the time it takes the self-correcting mechanism to work. B) Activist policies help to ensure stability of the real interest rate. C) Well-considered policies can assist the economy's self-correcting mechanism, thus reducing the variability of inflation and unemployment. D) all of the above E) none of the above