A monopolistically competitive firm may earn above normal profits or may incur losses in the short run
a. True
b. False
Indicate whether the statement is true or false
True
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To the extent that the value of money is less predictable, it becomes
A) more acceptable as a store of value. B) less acceptable as a medium of exchange. C) more acceptable as a standard of deferred payment. D) more acceptable as a unit of account.
The FOMC finally moved to ________ on January 25, 2012, when it issued its "Statement on Long-Run Goals and Monetary Policy Strategy."
A) inflation targeting B) zero inflation policy C) "just do it" policy D) monetary targeting
Which of the following is asserted by the Equal Pay Act of 1963?
a. Men and women who perform the same amount and type of work at a company must receive the same pay. b. Men and women who have the same education and skills must receive the same pay from an employer. c. Men and women who have the same amount of job experience must receive the same pay and promotion opportunities. d. Men and women who perform similar tasks at different companies must receive the same pay.
Refer to the information provided in Figure 9.7 below to answer the question(s) that follow. 
Figure 9.7 Refer to Figure 9.7. This increasing cost industry's ________ would be found by drawing a line from points B to E.
A. long-run demand curve B. long-run supply curve C. marginal revenue curve D. marginal cost curve