If the actual inflation rate is less than the expected inflation rate, the actual real interest rate will be ________ than the expected real interest rate. When this happens, ________ will lose and ________ will gain

Splitting up a monopoly is often justified on the grounds that

a. consumers prefer dealing with small firms b. small firms have lower costs c. competition is inherently efficient d. nationalization is a less preferred option e. monopolies are inevitable and desirable

A student has a chance to see Katy Perry in concert. The student also has a major economics exam in the morning. If the student goes to the concert,

a. she will get a lower grade on the economics exam. b. the opportunity cost of the concert is time spent studying. c. this decision implies a trade-off. d. All of the above are correct.