If hot dogs are an inferior good, a decrease in income will cause the equilibrium price of hot dogs to rise

Some have argued that the Federal Reserve looked at the wrong indicator of monetary policy, and that the Fed mistakenly thought that monetary policy was "easy" because ______

a. the stock of money had grown rapidly b. the monetary base had grown rapidly c. market interest rates were low d. bank reserve ratios were low

Patents ________ permit investors to have a monopoly on their innovation and ________ permit them to earn economic profit.

A) do not; do not B) do; do not C) do; do D) do not; do