The economic impact of automatic stabilizers during inflationary periods is to

The Stackelberg model is more appropriate than the Cournot model in situations where

A) there are more than two firms. B) all firms enter the market simultaneously. C) one firm makes its output decision before the other. D) firms will be likely to collude.

When demand increases in a perfectly competitive market, in the short run __________________, and in the long run __________________.

A. prices increase; supply increases B. prices increase; prices stay permanently higher C. quantity supplied increases; prices increase D. quantity supplied decreases; prices decrease