If a decrease in the price of a good causes a rightward shift of the demand curve for that good, then it is an inferior good

Since 1950, the average length of a recession in the United States has been

A) such that recessions barely exist. B) less than a year. C) between 1 and 2 years. D) greater than 2 years.

By promoting its brand name heavily, the monopolistically competitive firm

A) earns more profit in the long run. B) signals its long-term intention to stay in the industry. C) signals its intention to leave the industry. D) guarantees a short run profit.