Demand-pull inflation is illustrated in the short run aggregate supply-aggregate demand model as a shift of the aggregate:

When the cross elasticity of demand between one product and all other products is low, one is generally referring to a(n) ____ situation

a. oligopoly b. monopoly c. pure competition d. substitution e. monopolistic competition

If Slick Shades, a sunglasses manufacturer, merges with Best Lens, a lens manufacturer, and the combined firm is able to reduce the number of accounting departments from two to one, the merger created ________.

A) managerial diseconomies B) technological interdependencies C) synergies D) a hold-up problem