An economic boom in one country usually causes a recession in other countries

Monopolists are criticized because they are inefficient. What is meant by this statement?

a. Monopolists charge too high a price. b. Monopolists don't innovate enough to control pollution. c. Monopolists produce a large quantity of waste. d. Monopolists usually don't produce at the minimum of the ATC. e. Monopolists could use their resources better elsewhere.

Which of the following statements is true? a. The Fed can target the interest rate and money supply at the same time but only during periods of inflation

b. All of the answers to this question are true. c. If the Fed chooses a money supply target, it runs the risk of interest rate variations that may create a new set of problems. d. If the Fed chooses a money supply target, it runs the risk of money supply variations that may create a new set of problems. e. If the Fed chooses an interest rate target, it runs the risk of interest rate variations that may create a new set of problems.