________ is the market structure in which there are a few rival firms
A) Perfect competition
B) Monopolistic competition
C) Monopoly
D) Oligopoly
D
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Use the following diagram to answer the next question. 
The diagram illustrates the pattern of
A. wage movements over time. B. business cycles. C. price level movements. D. economic growth patterns.
Initially, the economy is at point G in Figure 10-4 above. An increase in per capita savings from s(0 ) to s(1 ) will in the short run result in ________ and in the long run result in ________
A) excess per capita saving; more rapid growth in per capita output B) excess per capita saving; less rapid growth in per capita output C) more rapid growth in per capita output; more rapid growth in per capita output D) more rapid growth in per capita output; no change in the long run rate of growth in per capita output
A perfectly competitive industry has
a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. A downward sloping demand curve d. A downward sloping supply curve
The passage of the Employment Act of 1946 assigned: a. the federal government the responsibility for promoting full employment and price stability
b. the federal government the responsibility for promoting free markets to achieve economic prosperity. c. the federal government the responsibility to set a minimum wage for all agricultural workers. d. state governments the responsibility to set a minimum wage for all industrial workers. e. state governments the responsibility for promoting full employment and price stability.