Given the information in Figure 14.4, the monopoly wage rate is:

A) W1.
B) W2.
C) W3.
D) W4.
E) none of the above

C

Economics

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Using expansionary policies to combat a recession would

A) decrease discretionary spending. B) increase federal revenue. C) increase a budget surplus. D) increase a budget deficit.

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In the above, which figure shows a line with a slope of 1.0?

A) Figure A B) Figure B C) both Figure A and Figure B D) neither Figure A nor Figure B

Economics