Refer to the information above. Which of the following represents the steady-state growth rate of output per worker in this economy?

If the nominal exchange rate rises and price levels stay constant, the real exchange rate will

A) rise. B) fall. C) stay constant. D) could rise, fall or stay constant.

Collusive action among producers creates higher prices for consumers because it:

a. causes overproduction and inefficiency. b. creates negative externalities. c. forces producers to be more competitive. d. allows producers to artificially restrict their supply.