Refer to Figure 28-1. Suppose that the economy is currently at point A, and the unemployment rate at A is the natural rate. What policy would the Federal Reserve pursue if it wanted the economy to move to point C in the long run?

If one firm has 80 percent of industry sales, while the remaining four firms share the other 20 percent of sales, then we can conclude that this is a(n)

a. monopoly b. price-taker market c. low concentration ratio industry d. balanced oligopoly e. unbalanced oligopoly

"If event X occurs then event Y will follow" is a

A) positive statement. B) normative statement. C) non-testable statement. D) statement lacking in logic.