The oligopoly model that is most appropriate when one large firm usually takes the lead in setting price is the ________ model

Growth rates in labor productivity

(a) increased in the 1970s. (b) slowed across all employment sectors, with some experiencing more severe drops than others. (c) decreased across all employment sectors at the same rate. (d) were largely stagnate.

In the long run, if the price level increases, then nominal wages and other input prices:

A. Also rise, so firms will reduce their output level B. Also rise, so firms will not change their output level C. Not change, so firms will not change their output level D. Decrease, so firms will increase their output level