Refer to the above figure. The figure represents the consumption function for a consumer. Point C represents

All of the following are true about a monopolist EXCEPT

A) the demand curve for its product is perfectly elastic. B) it produces a product with no close substitutes. C) its demand curve is the same as the market demand for the industry. D) it is a single seller of a good or service.

If money demand changes for some reason other than a spending shock, the Fed can stabilize

a. GDP without changing the interest rate b. GDP, but at the expense of interest rate stability c. GDP by keeping the interest rate stable d. the price level by keeping the interest rate stable e. the price level and GDP by stabilizing the interest rate