If the real interest rate is 3% and the inflation rate is 6%, the nominal interest rate is

Which of the following statements is false?

A) If the SRAS curve shifts rightward, the price level falls in the short run. B) If AD rises and SRAS is constant, the price level rises in the short run. C) If both SRAS and AD decline, Real GDP falls in the short run. D) If both SRAS and AD increase, the price level necessarily rises in the short run. E) none of the above

The market structure of oligopoly is when

A) there are a small number of interdependent firms that constitute the entire market. B) there is a single producer of a product. C) there are many producers of a differentiated product. D) there are many producers of a homogeneous product.