Switzerland has experienced the lowest rate of price increases in the post World War II period. Consequently, Lucas would predict
A) small supply responses to variations in the inflation rate.
B) large supply responses to variations in the inflation rate.
C) small demand responses to variations in the inflation rate.
D) large demand responses to variations in the inflation rate.
B
Economics
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An increase in the population of an economy will result in decreased output
a. True b. False Indicate whether the statement is true or false
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An important similarity between a monopolistically competitive firm and a pure monopolist is that both:
A. realize an economic profit in the long run. B. achieve allocative efficiency. C. face demand curves that are less than perfectly elastic. D. achieve productive efficiency.
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