In an oligopoly with two firms, one firm's share of the market is 70 percent. The Herfindahl-Hirschman Index is ________

The inflationary gap is the

A. inflation rate that will occur from excess aggregate demand. B. budget deficit that caused the inflation to occur. C. distance between the equilibrium level of output and the full employment level of output. D. gap between expected and actual inflation.

There is more empirical evidence in the literature to suggest that

A. the absolute version of purchasing power parity holds in the long run. B. the absolute version of purchasing power parity holds in the short run. C. the relative version of purchasing power parity holds in the long run. D. the relative version of purchasing power parity holds in the short run.