A monopolist
A) is a price searcher.
B) is a price taker.
C) faces an upward sloping demand curve.
D) faces a vertical demand curve.
Answer: A
Economics
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When the Fed extends a $100 discount loan to the First National Bank, reserves in the banking system
A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.
Economics
All else the same, when the Fed calls in a $100 discount loan previously extended to the First National Bank, reserves in the banking system
A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.
Economics