When the Fed attempts to increase real GDP and employment by ________ its target for the federal funds rate, it is conducting ________ monetary policy

If a monopoly can perfectly price discriminate,

A) all the demanders pay one price. B) it minimizes its profit. C) it produces the same amount of output as would be produced if the market was a perfectly competitive industry. D) it produces less output than would be produced if the market was a perfectly competitive industry. E) it creates the same amount of consumer surplus as would be created if the market was a perfectly competitive industry.

A government regulation that bans the use of a certain polluting technology in the production of a good is an example of a ________ to solve an externality

A) social enforcement mechanism B) command and control approach C) market-based approach D) Coasian approach