To maximize sales revenue, an oligopolist will expand output until the elasticity of demand becomes

A sudden fall in housing prices in Potentia has lowered the confidence of households. Assuming all else equal, this is likely to lead to a(n) ________

A) increase in the demand for construction workers B) fall in the unemployment rate C) increase in the overall price level D) decline in current consumption

If the Fed wishes to slow economic activity, it might actively pursue:

A. contractionary fiscal policy. B. expansionary monetary policy. C. expansionary fiscal policy. D. contractionary monetary policy.