Using the data in the table above, gross domestic product equals

Federal Reserve liabilities are equal to

A) gold certificates + other Fed liabilities. B) bank reserves + other Fed liabilities. C) Federal Reserve notes. D) cash + loans + U.S. Treasury deposits.

A firm can be the sole supplier of a good and is still not a monopolist if

A) the firm is not large. B) the good produced is not important to the economy. C) the firm is not making excessive profits. D) there are very close substitutes for the good.