Refer to Figure 15-6. The monopolist's total cost is

Which of the following statements is TRUE?

A) A growing economy should see a decline in relative poverty but not in absolute poverty. B) A growing economy should see a decline in absolute poverty but not in relative poverty. C) A growing economy should see a decline in both absolute and relative poverty. D) A growing economy is usually unrelated to changes in either absolute or relative poverty.

Of the following reasons for unemployment, which will increase most because of a recession?

A. New job market entrants. B. Workers that have reentered into the job market. C. Workers that have lost their jobs. D. Workers that have left their jobs.