If the annual inflation rate is higher than 0%, which of the following statements is correct?
a. The specific country is experiencing hyperinflation when viewed over a long period of time.
b. Real GDP growth must be higher than nominal GDP growth.
c. Nominal GDP growth must be higher than real GDP growth.
d. Nominal GDP growth is only higher than real GDP growth if real GDP growth is positive.
e. Nominal GDP growth must be positive.
.C
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Based on the graph showing equilibrium output and price for a monopolist, if a monopolist realizes it is producing at QM, it should ______.
a. reduce output to Q1
b. increase output to Q2
c. maintain output at QM
d. set output at QD