In monopolistic competition, if a firm produces a highly desirable product relative to its competitors, the firm will be able to raise its price without losing any customers

A heterodox model would not call for freezing wages and prices, but an orthodox one would

Indicate whether the statement is true or false

Economic growth would be illustrated by

A) a rightward shift of aggregate demand. B) a leftward shift of aggregate demand. C) a rightward shift of aggregate supply. D) a leftward shift of aggregate supply.