In the above figure, when income is zero, household expenditures equal

The life-cycle hypothesis predicts there to be a rather ________ short-run multiplier and thus a rather ________ private economy

A) low, unstable B) low, stable C) high, unstable D) high, stable

Regulation of a natural monopoly that forces it to price and produce as if it were a competitive firm results in

A) the market being instantly competitive. B) higher profits for the monopoly. C) economic losses for the monopoly. D) a highly unstable marketplace.