In the 2000s, low savings rates are attributed to

A) rapid economic growth.
B) stock market boom.
C) declining interest rates and increased refinancing of the mortgages.
D) inefficient monetary policy.

C

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If a monopolistically competitive firm can earn a profit, it will increase production until:

a. MR > AVC. b. MR = ATC. c. MC > MR. d. MR = AR. e. MR = MC.

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