A situation in which output decreases while prices increase is often referred to as:

In the long run, firms in monopolistic competition produce at a level that is ________ the efficient scale of output

A) less than B) equal to C) more than D) All of the above are possible depending on market conditions.

In the Solow growth model, a change in the capital-labor ratio is equal to

A) (saving - investment). B) saving + depreciation). C) (investment - depreciation). D) (capital stock - labor force).