If the actual price level is higher than the expected price level, the economy will:
a. have no structural unemployment.
b. experience a recession

The manufacturing sector is dominated by

A) corporations. B) partnerships. C) proprietorships. D) government firms.

Monopolies charge

a. the highest possible price b. a price determined by cost c. the price consistent with the output level where total revenue equals total cost d. the price associated with the quantity at which marginal revenue equals marginal cost e. the price at which total revenue equals average total cost