A market situation where a small number of sellers dominate the entire industry is called:

Figure 9.1 shows three aggregate demand curves. A movement from point b to point c could be caused by a(n)

A) decrease in government spending. B) decrease in the price level. C) decrease in taxes. D) increase in the money supply.

The unemployment rate will never equal zero percent because

A) there are some people who do not want to work. B) there will always be discouraged workers. C) some portion of the labor force will always be between jobs. D) cyclical unemployment will always exist.