On a steeply sloped aggregate supply curve, monetary policy will affect primarily output

In monopolistic competition there are ________ barriers to entry, so therefore in the long run, economic profit ________

A) no; is substantial B) no; equals zero C) many; equals zero D) many; is substantial E) many; might be earned depending on the degree of product differentiation

A static decision is one that

A) is made very slowly. B) involves planning over one time period. C) involves planning over exactly two time periods. D) involves planning over more than one time period.