According to your authors, the boom-bust cycle is primarily ...

[pepyto]

According to your authors, the boom-bust cycle is primarily caused by
 
  A) government tax and spend policies.
  B) an artificial lowering of interest rates through expansionary monetary policy.
  C) waves of irrational optimism and pessimism in the business community.
  D) a clash of interests among capitalists and laborers.

Question 2

A monopolist faces an average total cost of 6 when it produces 200 units of its product. If it sells the 200 units at 8 per unit, ________.
 
  A) the monopolist incurs a loss of 200
  B) the monopolist incurs a loss of 400
  C) the monopolist makes a profit of 200
  D) the monopolist makes a profit of 400

[jordangronback]

Answer to Question 1

B

Answer to Question 2

D