Suppose a monopolist sells 10,000 units of output at $22 per unit. The firm's total revenue is

The idea that policy actions have no real effects in the short run if they are anticipated and no real effects in the long run is called the

A) adaptive proposition. B) activism proposition. C) Keynesian proposition. D) policy irrelevance proposition.

The Fed's founders viewed the Fed as a means of maintaining the money supply during economic contractions and as a lender of last resort

a. True b. False Indicate whether the statement is true or false