The unregulated, single-price monopoly shown in the figure above makes a total economic profit of

Bank reserves increase when the Treasury finances an expenditure through

A) taxation. B) borrowing from the non-bank public. C) borrowing from the banking system. D) borrowing from the Fed.

A fall in the price of a competing product will produce an outward shift in the demand curve for most products

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