In the United States, the market for health care is very competitive, with little variation in price for similar medical procedures

Kevin owns a personal training gymnasium in Orlando. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. What price will Kevin charge per session?

A) $100 B) $60 C) $40 D) $20 E) $80

If workers and firms lower their inflation expectations

A) actual inflation will fall to match expected inflation. B) unemployment will rise. C) the short-run Phillips curve will be vertical. D) the short-run Phillips curve will shift downward.