An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.

A. decrease; increase
B. increase; increase
C. decrease; decrease
D. increase; decrease

Answer: D

Economics

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B. the concentration ratio is more than 80 percent. C. this industry is a differentiated oligopoly. D. the firms in this industry face a kinked demand curve

A. geographic concentration of firms. B. extent to which the four largest firms dominate the production of a good. C. percentage of the industry's capital facilities owned by the four largest firms. D. degree of X-inefficiency in the industry.

Economics

The marginal productivity principle has relevance only in a capitalist economy, and not in a socialist system.

Answer the following statement true (T) or false (F)

Economics