The long-run aggregate supply curve is vertical

Indicate whether the statement is true or false

TRUE

Economics

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If individuals decide to save more for retirement,

A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward. E) an excess supply of loanable funds emerges and persists.

Economics

A monopolistically competitive industry has

A. a differentiated product and significant barriers to exit and entry. B. a differentiated product and the ability to make a long-run profit. C. a differentiated product and a small influence over price. D. identical products and ease of exit and entry.

Economics