If gross investment in 2016 is $750 billion and depreciation in 2016 is $850 billion, net investment in 2016 is

When a movement up along the aggregate supply curve occurs, there is also

A) no movement along nor a shift in the short-run Phillips curve. B) a rightward shift of the short-run Phillips curve. C) a movement up along the short-run Phillips curve. D) a movement down along the short-run Phillips curve. E) a leftward shift of the short-run Phillips curve.

Which of the following is a valid effect of monopoly power?

a. Desirable effects on the distribution of wealth. b. Efficient resource allocation. c. Fostering of innovation. d. Obstacle to efficiency.