Contractionary monetary policy refers to an insurance system that makes sure depositors in a bank do not lose their money, even if the bank goes bankrupt
a. True
b. False
Indicate whether the statement is true or false
False
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Graphically, how does a monopolistically competitive firm determine its profit-maximizing price?
A) It accepts the price set by the industry-wide forces of supply and demand. B) Graphically, it finds the place where MR = MC and charges the price directly to the left of that point. C) The firm's pricing structure is set by government regulators. D) The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.
National income can be calculated by subtracting
a. depreciation from GDP. b. indirect business taxes from GDP. c. depreciation and indirect business taxes from GDP. d. transfer payments and taxes from GDP.