If the market was a monopoly, the quantity would be ________ and ...

[tuffie]

If the market was a monopoly, the quantity would be ________ and the price would be ________; if the market tis perfectly competitive, the quantity would be ________ and the price would be ________.
 
  A) Q1; P1; Q2; P2
  B) Q2; P1; Q1; P2
  C) Q1; P1; Q2; P1
  D) Q1; P2; Q2; P1
  E) Q1; P2; Q1; P1

Question 2

During the late 1960s, real GDP increased, unemployment fell, and the inflation rate started to rise. Which would have been the appropriate federal government policy combination to improve economic performance by lowering the inflation rate?
 
  A) increase government expenditures, decrease taxes, increase the quantity of money
  B) increase government expenditures, decrease taxes, decrease the quantity of money
  C) decrease government expenditures, increase taxes, decrease the quantity of money
  D) do not change government expenditures or taxes , increase the quantity of money
  E) increase government expenditures, decrease taxes, do not change the quantity of money

[pratush dev]

Answer to Question 1

D

Answer to Question 2

C

[tuffie]

Excellent

[patma1981]

TYSM