In the long run, a pure monopolist will maximize profits by producing that output at which marginal cost is equal to:

How are the fundamental economic decisions determined in Canada?

A) These decisions are made by the country's elders who have had much experience in answering these questions. B) The United Nations decides because Canada is a developing economy. C) Individuals, firms, and the government interact in a market to make these economic decisions. D) The government decides because Canada is a centrally planned economy.

Stabilization policy refers to attempts to

A) shift the AD curve to smooth short-run fluctuations in output. B) shift the SRAS curve to smooth short-run fluctuations in output. C) shift the AD curve to keep the price level as low as possible. D) shift the SRAS curve to keep the nominal interest rate as low as possible.