A wage rate that is adjusted for changes in the price level is known as the

Which of the following is a possible regulation strategy for a natural monopoly? a. Requiring the monopolist to set a price equal to the average cost of a good b. Imposing a tariff on the import of a monopolist's good

c. Taxing the income of the monopolist d. Imposing a price floor on a monopolist's good

The aggregate demand and aggregate supply graph has

a. quantity of output on the horizontal axis. Output can be measured by the GDP deflator. b. quantity of output on the horizontal axis. Output can be measured by real GDP. c. quantity of output on the vertical axis. Output can be measured by the GDP deflator. d. quantity of output on the vertical axis. Output can be measured by real GDP.