A rise in the price level produces ________ the potential GDP line
A) a movement downward along
B) a leftward shift of
C) a rightward shift of
D) a movement upward along
E) neither a shift of the potential GDP line nor a movement along
D
Economics
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A major characteristic of monopoly is that
A) no barriers to entry exist. B) the product is identical to that produced by other companies. C) a barrier to entry keeps out competitors. D) competition is intense. E) a few firms compete with each other.
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Economic regulation consists of government measures designed to improve health and safety, such as control over unsafe working conditions and dangerous products
Indicate whether the statement is true or false
Economics