Any output combination inside a production possibilities frontier is associated with unused or underutilized resources

Demand-side inflation is normally accompanied by

a. falling real GDP, while supply-side inflation may be accompanied by rising real GDP. b. falling real GDP; the same is true of supply-side inflation. c. rising real GDP, while supply-side inflation may be accompanied by falling real GDP. d. rising real GDP; the same is true of supply-side inflation.

Answer the next question based on the following payoff matrix for two oligopolistic firms in which the numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy.  Firm X? High PriceLow PriceFirm YHigh priceA = $625A = $725??B = $625B = $475?Low priceA = $475A = $400??B = $725B = $400If both firms collude to maximize joint profits, the total profits for the two firms will be

A. $1,200,000. B. $1,500,000. C. $1,400,000. D. $1,250,000.