Refer to Figure 11-3. Technological change is shown in the figure above by the movement from

________ imposes a conceptual structure and inherent discipline on policy makers, but without eliminating all flexibility

A) Constrained discretion B) A policy rule C) A discretionary policy D) The Taylor rule

The ability of a firm to raise the price without losing all its sales to rivals is called

a. market power b. social regulation c. economic regulation d. antitrust policy e. natural monopoly