A recent survey by India's central bank reported that spending plans by firms on large new projects fell by 46 percent in the year ending March 2012, compared with the prior year. This decrease will most directly impact

The Taylor rule is an example of

A) an instrument rule focused on the monetary base. B) an instrument rule focused on the federal funds rate. C) an instrument rule based on M1. D) a targeting rule focused on the monetary base. E) a targeting rule focused on the federal funds rate.

The long-run equilibrium price-output combination for a monopolist is economically inefficient because:

a. it does not operate on the minimum point of its marginal-cost curve. b. it does not produce the level of output at which price equals marginal cost. c. consumer surplus is maximized but not producer surplus. d. producer surplus is maximized but not consumer surplus. e. it operates on the downward sloping portion of the average-total-cost curve.