A Herfindahl-Hirschman Index value of 1,950 indicates that the industry is not competitive.

In the Friedman-Lucas money surprise model

A) If actual inflation is higher than anticipated inflation, then output must be above its trend value. B) If actual inflation is higher than anticipated inflation, then output must be below its trend value. C) money is neutral. D) monetary policy does not work.

A change in the wage causes a shift in the supply curve for labor and a

A) shift along the demand curve for labor. B) shift in the demand curve for labor. C) rotation in the demand curve for labor. D) It cannot be determined by the information provided.