During the 100 years before the Revolutionary war, shipping costs were reduced by nearly:

A perfect price discriminator

A) charges the maximum price for each unit that consumers are willing to pay. B) is able to convince consumers to pay more for each unit than they are willing to pay. C) is unable to make an economic profit. D) disregards the market demand curve.

A change in the output gap is likely to lead to ________

A) a change in inflation B) a change in expected inflation C) a shift of the short-run aggregate supply curve D) all of the above E) none of the above