To maximize sales revenue, an oligopoly will expand output until the price is zero
a. True
b. False
Indicate whether the statement is true or false
False
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For a market to be considered perfectly competitive, there should be a minimum of 1,000 firms
Indicate whether the statement is true or false
TARP was created during the Presidency of
A. President G.W. Bush. B. President B. Obama. C. President G.H.W. Bush and only implemented by President G.W. Bush. D. President Clinton and only implemented by President G.W. Bush.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease