Which of the following would show a good that is relatively inelastic in supply?

The ECB has favored using ______ as a target for implementing monetary policy.

A) money supply B) inflation targets C) unemployment figures D) fiscal deficits

Which of the following is correct about natural monopoly?

a. Natural monopoly exists when a firm has an upward-sloping long-run average cost curve. b. A natural monopoly arises if a particular firm is able to sell each unit of its output at a different price. c. A natural monopoly arises when a single firm has a cost advantage over smaller potential entrants. d. A natural monopoly is created by government patents, licenses, and legal barriers to entry.