In the short run, ________
A) cost push shocks can cause firms to raise prices
B) workers pushing for higher wages may lead to increases in inflation
C) the aggregate supply curve may shift to the left with increases in expected inflation
D) all of the above
E) none of the above
D
Economics
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The demand for the product of a monopolistically competitive firm is highly elastic when
A) firms collude. B) there are fewer firms in the industry. C) there is a lot of product differentiation. D) there are a lot of close substitutes.
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Unconventional monetary policies include massive lending to banks and open-market purchases of assets other than Treasury bills
a. True b. False Indicate whether the statement is true or false
Economics