Attempts by special-interest groups to gain favorable treatment from government are called
a. utility maximizing
b. profit seeking
c. rent seeking
d. profit maximizing
e. rent minimizing
C
Economics
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In the AS/AD model, a contractionary monetary policy:
A. reduces investment but increases aggregate demand. B. increases both investment and aggregate demand. C. increases investment but reduces aggregate demand. D. reduces both investment and aggregate demand.
Economics
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. From society's point of view, the ________ level is 25 haircuts.
A. shut down B. efficient output C. minimum output D. monopoly output
Economics