An example of an oligopoly is:
a. the restaurant industry.
b. the wheat market

What assumptions lead to the conclusion that that the allocation of resources among firms is efficient

What will be an ideal response?

If government uses its stabilization policies to maintain full employment under conditions of cost-push inflation:

A. a deflationary spiral is likely to occur. B. an inflationary spiral is likely to occur. C. stagflation is likely to occur. D. the Phillips Curve is likely to shift inward.