On the graph above, a permanent tax reduction, assuming that there is a permanent effect on aggregate supply, is likely to move the economy from point 1 to point ________

The good produced by a monopoly

A) has perfect substitutes. B) has no substitutes at all. C) has no close substitutes. D) can be easily duplicated. E) must be unable to be resold.

The sale of foreign assets by a central bank accompanied by an open market purchase of securities of the same size results in:

A) a reduction in the monetary base B) an increase in the monetary base C) a sterilized intervention D) an unsterilized intervention