From 2008 to 2014, the Fed engage in ________ rounds of quantitative easing

Suppose that initially there is no public debt. Using the above table, what is the public debt as a percentage of GDP in Year 4?

A) 5.8 percent B) 7.8 percent C) 3.6 percent D) 2.0 percent

When more substitutes become available, a monopolist has __________ power to raise price.

A. less B. infinite C. more