Government intervention in the economy with the goal of promoting technology-producing industries is known as patent policy

If changes in inflation are higher than expected

A) the short-run Phillips curve will be negatively sloped. B) the short-run Phillips curve will be vertical. C) the short-run Phillips curve will be positively sloped, but not vertical. D) the long-run Phillips curve will be negatively sloped.

For a monopolist, the point where the marginal revenue curve intersects the horizontal axis is:

A. located at the same point where the demand curve intersects the horizontal axis, since for a monopolist, the demand curve and the marginal revenue curve overlap. B. unable to be determined without knowing the location of the marginal cost curve. C. one-fourth of the distance between the origin and the point where the demand curve intersects the horizontal axis. D. one-half the distance between the origin and the point where the demand curve intersects the horizontal axis.