A monopsonist will buy ________ units of input than a competitor, and will pay ________ per unit

Increasing the stock of capital while holding the labor force constant will ________ output at a(n) ________ rate

A) decrease; increasing B) increase; increasing C) increase; decreasing D) decrease; decreasing

The quantity of money in an economy is $9 million, and the velocity of circulation is 3. Nominal GDP in this economy is ________

A) $6 million B) $9 million C) $3 million D) $27 million