The Chapter 3 multiplier, because it assumes an ________ interest rate, is usually an ________ of the fiscal policy multiplier in the IS-LM model

A single-price monopolist produces a ________ quantity than a perfectly competitive market with the same costs and charges a ________ price than the perfectly competitive market

A) greater; higher B) greater; lower C) lesser; lower D) lesser; higher

The "free-rider problem" of public goods refers to:

a. individuals' refusal to pay taxes. b. individuals' attempts to hide their preferences for collective goods and to avoid paying for them. c. individuals' over-use of collective goods. d. the inelasticity of individuals' demands for public goods.