If workers underestimate inflation, the aggregate supply curve will tend to be

Referring to Table 12.2, if the nominal interest rate is 8.5 percent and there is no inflation, which investments will be undertaken?

A) D, E B) E C) C, E D) none of the above

A contestable market will always end up as a monopoly in the absence of antitrust protection

Indicate whether the statement is true or false