The aggregate demand curve shows the combinations of output and the price level that put the economy on
A) the FE line and the IS curve.
B) the FE line, the IS curve, and the LM curve.
C) the IS curve.
D) the IS curve and the LM curve.
D
Economics
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Which of the following is an asset of the Fed?
A) Mortgage-backed securities B) currency C) reserves of depository institutions D) Both answers B and C are correct.
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If a decrease in price decreases a monopolist's total revenue, then
A) demand is elastic. B) demand is inelastic. C) demand is unit elastic. D) the law of demand is violated.
Economics