In early 2008, the central bank of Zimbabwe announced the inflation rate in that country had reached

The demand for money was high in the year 2015 when the interest rate on savings deposits and time deposits was close to zero

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

As long as a market is contestable, then even if it has only a few sellers, the

a. threat of new entrants will prevent the prices from rising above the competitive level. b. producers will be able to charge prices that are high enough to produce long-run economic profits. c. producers will not face new competition because the barriers to entry are high. d. market will never be expected to come close to the competitive result.