Which of the following limits the price a monopolist charges?

The potential output of an economy is: a. the output level at which inflation is very high

b. the output level at which nominal GDP is equal to real GDP. c. less than the full-employment rate of output. d. the output level at which total unemployment is zero. e. also referred to as the natural rate of output.

Since the 1960's, consumer spending in the U.S. has been approximately ________ percent of disposable income, whereas saving has been approximately ________ percent of disposable income

a. 30; 70 b. 50; 50 c. 65; 35 d. 90; 10