A monopolist will earn economic profits as long as his price exceeds:

Information technologies ________ the demand for low-skilled labor, increase the ________ high-skilled labor, lower the wage rate of ________ labor, and raise the wage rate of ________ labor

A) decrease; demand for; low-skilled; high-skilled B) decrease; supply of; low-skilled; high-skilled C) do not change; supply of; high-skilled; low-skilled D) do not change; demand for; high-skilled; low-skilled

The classical economists believed there was no role for government to play in restoring full employment

a. True b. False Indicate whether the statement is true or false