The demand curve facing a monopolist:
a. is the same as its marginal revenue curve

Which of the following can result in job rationing?

i. minimum wage ii. union wage iii. diminishing returns A) i, ii, and iii B) i and ii C) iii only D) i only E) ii only

The argument advanced by Milton Friedman for adopting a monetary growth rule is that

A) active monetary policy potentially destabilizes the economy. B) a constant rate of growth in the money supply would eliminate the booms and recessions that make up the business cycle. C) the growth rate of M1 has been unstable. D) the Fed can control the money supply, but not the level of interest rates.