What types of government intervention did the World Bank determine was common in the HPAEs?

With increasing returns (falling average costs), as the remaining firms expand, their demand curves become _______________ due to foreign competition, and firms must _______________.

a. steeper; raise prices b. flatter; lower prices c. flatter; raise prices d. steeper; lower prices

In the new classical model, the aggregate supply schedule depends on

a. the expected level of the money stock. b. the expected price level. c. the expected values of fiscal policy variables and other possible determinants of aggregate demand. d. Both a and c e. All of the above