In the figure above, consumer surplus at the price that maximizes the profit for an unregulated, single-price monopolist is the area of

In January 2015, Tim's Gyms, Inc owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's net investment totaled

A) $1 million. B) -$300,000. C) $200,000. D) -$100,000.

When government spending is completely crowded out, the economy must have

A) perfect capital mobility. B) floating exchange rates. C) both A and B. D) broken the rules. Government spending cannot be completely crowded out.