Monetarists think that the Fed should use ________ as a target when conducting monetary policy

If a firm finds that increases in output lead to increases in long-run average total cost, then it must be experiencing _________ which could be caused by ___________

Fill in the blank(s) with the appropriate word(s).

If the price is greater than the marginal cost of producing a good, the seller has

A) no benefit from the sale. B) a loss. C) some producer surplus from the sale. D) some negative consumer surplus from the sale. E) None of the above answers is correct.