Firms that are engaging in persistent dumping need to be able to prevent resale between the foreign and domestic markets.

The nonrivalrous character of technological ideas suggests that ________

A) patent law protection is ultimately inefficient B) technological change follows a logarithmic pattern C) technology developed in one industry, e.g. the vodka industry, cannot be used in another industry, e.g. the automobile industry D) ideas can be used over and over again

Assume the economy is in equilibrium where real GDP equals potential GDP, and the economy experiences a negative demand shock

Describe what happens in the IS-MP model, and explain what policy the Fed could use to keep the inflation rate from changing?