The goal of "personalized pricing" is to determine how much each individual customer is willing to pay for a product. As such, it is an application of first-degree price discrimination

The long-run aggregate supply curve occurs at the level of real GDP consistent with

A) no inflation. B) the natural rate of unemployment. C) individuals' tastes and preferences. D) low levels of inflation.

The stock of high-powered money in the economy is $80 billion. The bank reserve-holding ratio is 0.12 and the public wishes to hold 10% of its deposits as cash. The level of bank deposits will be

A) $333 billion. B) $100 billion. C) $250 billion. D) $200 billion.