The consumer price index (CPI) increased at a slower rate during the period 1990-2004 than the import price index

The aggregate demand curve will shift rightward when there is:

a. a decrease in government spending. b. a decrease in incomes abroad. c. a tax increase. d. the expectation that future consumer income will rise.

In a single-price monopoly market

a. total benefit (the sum of consumer and producer surplus) is as large as it can possibly be b. price and output are higher than they would be in an otherwise similar perfectly competitive market c. price and output are lower than they would be in an otherwise similar perfectly competitive market d. the quantity produced is artificially low, thereby creating an inefficiency e. the price charged is artificially low, thereby creating an inefficiency