Monopoly power can create distortions because a powerful seller can raise prices and profits by restricting output.

Which statement holds true in the post-World War II era?

(a) There was a permanent increase in the percentage of working adult women with children. (b) Firms found it most profitable to treat women as individuals rather than groups. (c) Marriage bars returned. (d) Female participation in farming, common labor and craft work in the U.S. increased significantly.

If rational expectations are assumed, inflation can be reduced with no corresponding increase in unemployment

a. True b. False Indicate whether the statement is true or false