If the supply of a good is inelastic, a decrease in price must increase total revenue

Under a marginal cost pricing rule, a natural monopoly

A) makes a reasonable profit. B) makes an economic profit. C) earns accounting profits, but breaks even in economic terms. D) incurs an economic loss. E) makes a normal profit, but it cannot be determined whether or not it makes an accounting profit.

Those who advocate a return to a real gold standard believe that doing so would

A. force countries to pursue sustainable fiscal policies. B. allow countries to earn a higher rate of  interest on their holdings of international reserve assets. C. reduce inflation rates by imposing strong discipline on national monetary authorities. D. reduce unemployment rates by allowing countries to have independent monetary policies.