If the MPC = 0.75, a decrease in personal taxes from $100 billion to $80 billion will increase real GDP by

The larger the percentage of U.S. imports already priced in dollars, the less likely depreciation in the U.S. dollar will be to:

a. decrease prices of imports. b. increase prices of imports. c. limit trade imbalances. d. increase trade with third-party nations.

In comparison to firms in other market structures, monopolists:

A) maximize social surplus. B) encourage the entry and exit of new firms. C) set price lower than marginal revenue. D) produce goods that do not have close substitutes.