In 2010, the deficit-to-GDP ratio for the United States was approximately equal to

The drug maker Pfizer enjoyed a monopoly of the antibiotic Lipitor because of patent rights

a. True b. False Indicate whether the statement is true or false

The actual rate of unemployment will be greater than the natural rate of unemployment when

a. the actual output is less than the economy's potential output. b. the actual output is greater than the economy's potential output. c. the actual output is equal to the economy's potential output. d. the inflation rate has been relatively constant for several years.