The price that U.S. consumers pay for goods imported from Mexico has fallen and the quantity of U.S. imports from Mexico has ________
Because of these changes, the winners are U.S. ________ of goods imported from Mexico and the losers are U.S. ________ of goods imported from Mexico.
A) increased; consumers; producers
B) decreased; producers; consumers
C) increased; producers; producers
D) increased; producers; consumers
E) decreased; consumers; producers
A
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Barriers to entry reduce the likelihood that price-setter firms will see their positive economic profits competed away over time
Indicate whether the statement is true or false
Our business cycle experiences suggest that a macroeconomic policy designed to lower the average rate of inflation will require ________ in actual real GDP and an accompanying ________ in the unemployment rate
A) an increase, increase B) an increase, decrease C) a reduction, increase D) a reduction, decrease