According to the monetarists, when the expected rate of inflation rises, the short-run Phillips curve

You place $100 in a bank account that pays 8%. If you remove the interest you receive each year you can turn your stock into a flow of

A) $108 per year. B) $100 per year. C) $80 per year. D) $8 per year.

For a monopoly, marginal revenue is often greater than the price it charges for its good

a. True b. False Indicate whether the statement is true or false