In the short run, the profit-maximizing monopolistically competitive firm will produce the rate of output at which

At the beginning of the recession of 2007-2009, real GDP in the United States was ________ potential GDP, and in June 2009, real GDP was ________ potential GDP

A) below; below B) above; below C) below; above D) above; above

The concept of loss aversion is:

A. a general tendency for people to put more effort into achieving gains than avoiding losses. B. preferring certain outcomes over uncertain ones. C. a general tendency for people to put more effort into avoiding losses than achieving gains. D. a spectrum of tolerance for risky situations.