Which of the following is the term used to describe the expansion of a country's per capita real GDP?

Based on the graph above, suppose the economy is at point 2, then output falls to 10 and there is a price shock of one percent. The inflation rate next period will be ________ percent

A) 5 B) 3.5 C) 4.5 D) 4 E) none of the above

Cartel agreements are more likely to succeed if: a. there are a large number of firms in the industry producing identical products. b. there are few firms in the industry producing identical products

c. there are a large number of firms in the industry producing differentiated products. d. there are a few firms in the industry producing differentiated products.