The idea that expected future increases in output cause increases in the current money supply and that expected future decreases in output cause decreases in the current money supply, rather than the other way around, is known as

What type of market runs most efficiently when one large firm supplies all of the output?

a. a natural monopoly b. a network c. perfect competition d. imperfect competition

If an airport decides to expand by building an additional passenger terminal, and in doing so it lowers its average cost per airplane landing, then the expansion would provide ________ to the airlines

A) economies of scale B) diseconomies of scale C) higher average costs but lower total costs D) higher marginal costs but lower total costs