Economists began to lose confidence in the Phillips curve during the:

A monopolistically competitive firm can increase its profits beyond the long-run equilibrium break-even level by deliberately lowering its price to force some of its competitors out of the market

Indicate whether the statement is true or false

Of the several ways that the United Auto Workers can increase the wages of its members,

a. none can also increase employment b. only direct negotiation of a wage above the competitive level can also increase employment c. only restricting the supply of labor can also increase employment d. only increasing the demand for labor can also increase employment e. only binding arbitration can also increase employment