Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. If Quick Buck and Pushy Sales decide to collude and work together as a monopolist, then together they should produce ________ units per month and charge ________ per unit.

A decrease in ________ leads to an equal ________ in the monetary base in the short run

A) float; increase B) float; decrease C) Treasury deposits at the Fed; decrease D) discount loans; increase

The term inflation is used to describe a(n): a. rise in the value of money

b. decline in nominal income. c. sustained increase in the price level. d. general reduction in prices. e. economic problem faced only by the elderly population.