Which of the following scenarios would make monetary policy the most difficult to address?
A) A worldwide spike in oil prices resulting in higher production costs.
B) A rise in unemployment that causes consumers to spend less.
C) A reduction in business confidence that leads to a reduction in investments
D) A booming housing market that causes inflation to rise.
Ans: D) A booming housing market that causes inflation to rise.
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The table above gives some data about GDP in a country for two years. Using these the chained-dollar method for calculating real GDP, real GDP increased by ________ percent between these two years
A) 6 B) 5 C) 10 D) 4 E) 2
A price-discriminating monopolist having identical costs in two markets should charge a higher price in that market
a. which has a higher demand. b. which has a more elastic demand. c. which has a less elastic demand. d. which has a higher marginal revenue.