If inflation falls from 11% to 5%, there is deflation

In order for a firm to receive monopoly profits, there must be

A) homogeneous products. B) barriers to market entry. C) mutual interdependence among firms. D) free entry and exit to the market.

If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy?

A) an increase in the money supply and a decrease in interest rates B) a decrease in government purchases C) a decrease in taxes D) a decrease in oil prices