If economic profits are earned in a monopolistically competitive market,
A. The market demand curve will shift to the right.
B. Price will rise.
C. More firms will enter the market.
D. The market supply curve will shift to the left.
Answer: C
Economics
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Holding the actual unemployment rate below the natural unemployment rate eventually causes the natural rate to fall toward the actual, according to the ________ hypothesis, implying that an aggressive stimulative demand policy causes a ________
acceleration of inflation. A) hysteresis, temporary B) hysteresis, permanent C) structuralist, temporary D) structuralist, permanent
Economics
Which of the following was not a major source of economic growth in the 1920s?
a. construction of residential housing b. production of consumer durables c. railroad construction d. automobile production
Economics