When the actual inflation rate exceeds the expected inflation rate due to changes in aggregate demand:
a. Unemployment is below the natural rate of unemployment
b. Unemployment is above the natural rate of unemployment.
c. Unemployment equals the natural rate of unemployment.
d. Unemployment could be above, equal to, or below the natural rate of unemployment.
a
Economics
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What will be an ideal response?
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The gains to monopolists from exercising market power:
A. exceed the losses to consumers in monopoly markets, resulting in a net gain to society. B. equal the losses to consumers in monopoly markets, resulting in no net change for society. C. are less than the losses to consumers in monopoly markets, resulting in a net loss to society. D. create smaller deadweight losses than occur in purely competitive industries.
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