Since the 1980s,
a. monetarism reached its peak.
b. the influence of the monetarists and Keynesians both eroded.
c. monetarism re-established itself with a stable money/income relationship.
d. monetarism declined in influence as Keyesian thought overtook it in influence.
B
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A firm maximizes its profit by producing the amount of output such that
A) marginal revenue equals marginal cost. B) marginal revenue exceeds marginal cost by some amount. C) marginal revenue is maximized. D) marginal cost is minimized. E) marginal revenue exceeds marginal cost by the maximum amount possible.
The Herfindahl-Hirschman index is measured by
A) adding the market shares of all firms in an industry. B) adding the squares of the market shares of all firms in an industry. C) squaring the sum of the market shares of the all firms in an industry. D) adding the market shares of the four largest firms in an industry.