Refer to the above figure. Which of the following points indicates an efficient use of resources?

A. a
B. d
C. e
D. More information is needed to answer the question.

Answer: C

Economics

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Keynesians reject the influence of monetary policy on the economy. One argument supporting this Keynesian view is that the:

A. money demand curve is horizontal at any interest rate. B. aggregate demand curve is nearly flat. C. investment demand curve is nearly vertical. D. money demand curve is vertical.

Economics

Suppose the accompanying figure illustrates the demand curve facing a monopolist. At a price of $8 per unit, the total revenue for this monopolist is ________ per day, and the marginal revenue earned from the last unit sold is ________.

A. $3,200; $8 B. $8; $8 C. $3,200; $0 D. $3,200; $4

Economics