During which one of the following decades was the goal of 4 percent unemployment set as an acceptable compromise between our full employment and inflation goals?

Compared to a single-price monopolist, a price-discriminating monopolist

A) produces more output. B) produces the same amount of output but charges a higher price. C) generates a larger deadweight loss. D) produces less output but charges a lower price.

During the winter of 1997-1998, the northeastern United States experienced warmer than usual conditions. The price of home heating oil was less than it was during the previous winter, but people bought less home heating oil. This contradicts the Law of Demand

Indicate whether the statement is true or false