Which of the goals pursued by policymakers in an open economy is desirable because it can reduce the severity of business cycles?

Most of the increase in total money supply between 1860 and 1920 was due to:

a. sustained economic growth. b. the growth of bank deposits. c. an increase in greenbacks. d. new discoveries of gold and silver.

Nondiscriminating monopoly is similar to perfect competition in that

a. they have the same level of barriers to entry b. they have a similar number of firms in the industry c. the demand curve facing the firm is perfectly elastic for both d. price equals marginal revenue for both e. price equals average revenue for both