Expenditures for attending college can be viewed as an investment in human capital

Which one of the following about a monopoly is false?

A) A monopoly status could be temporary. B) A monopoly could make profits in the long run. C) A monopoly could break even in the long run. D) A monopoly must have some kind of government privilege or government imposed barrier to maintain its monopoly.

An economy could produce above its potential GDP for a short period of time by

A. reducing the size of the labor force. B. increasing the price of final goods and services. C. adding extra shifts of work, such as overtime or night shifts. D. increasing the money supply.