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Which of the following is most likely to occur in the short run if there is an unanticipated decrease in aggregate demand due to a reduction in business and consumer optimism

An increase in the rate of unemployment.
B. An increase in real GDP.
C. A higher rate of inflation.

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A monopolist will maximize profits by:

A. producing at the point where price is equal to MR.
B. producing at the output level where marginal revenue equals average variable cost and charging a price along the demand curve that corresponds to the output rate.
C. producing at the output level where marginal revenue equals marginal cost and charging a price on the demand curve that corresponds to the output rate.

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Which statement about renewable and non-renewable resources is most accurate

A. The price of a renewable resource is the present value of its expected next-period price.
B. Land is considered a renewable resource.
C. The known stock of a non-renewable resource must decrease as the resource is used.

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At an output quantity equal to 250, a monopoly firm faces a demand curve with a price (P) of $50, a marginal cost (MC) and marginal revenue (MR) equal to $10, and an average total cost (ATC) equal to $12. The economic profit for this monopoly firm is closest to:

A. $12500.
B. $10000.
C. $9500.

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Which of the following most accurately describes the Monetarist school of macroeconomic thought in relation to aggregate demand and aggregate supply Monetarists believe that the money supply should be:

A. Increased during inflationary periods and reduced during recessionary periods.
B. Increased by a constant rate annually.
C. Reduced during inflationary periods and increased during recessionary periods.

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Which of the following is most likely to occur in the short run if there is an unanticipated decrease in aggregate demand due to a reduction in business and consumer optimism

An increase in the rate of unemployment. B. An increase in real GDP. C. A higher rate of inflation.

A monopolist will maximize profits by:

Which statement about renewable and non-renewable resources is most accurate

At an output quantity equal to 250, a monopoly firm faces a demand curve with a price (P) of $50, a marginal cost (MC) and marginal revenue (MR) equal to $10, and an average total cost (ATC) equal to $12. The economic profit for this monopoly firm is closest to:

Which of the following most accurately describes the Monetarist school of macroeconomic thought in relation to aggregate demand and aggregate supply Monetarists believe that the money supply should be:

An increase in the rate of unemployment.
B. An increase in real GDP.
C. A higher rate of inflation.