The Federal Reserve System was created by the
A) Supreme Court. B) President. C) U.S. Treasury. D) Congress.
D
Economics
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The aggregate supply curve (short run):
A. graphs as a horizontal line. B. is steeper above the full-employment output than below it. C. slopes downward and to the right. D. presumes that changes in wages and other resource prices match changes in the price level.
Economics
At a price of $20, the marginal revenue of a monopolist is $12. If the marginal cost of production is $10, what should the monopolist do in order to maximize profits?
A. Increase its price. B. Decrease its price. C. Keep its price at the same level. D. There is not enough information to solve.
Economics