Thousands of U.S. banks failed in the 1930s because the Fed loaned too many reserves to member banks

The quantity of labor supplied depends on the

A) money wage rate not the real wage rate. B) real wage rate not the money wage rate. C) price of output not the money wage rate nor the real wage rate. D) level of profits.

The more elastic the demand curve, a monopoly

A) will have a larger Lerner Index. B) will face a lower marginal cost. C) will earn more profit. D) will lose more sales as it raises its price.