Author Question: If rent-seeking behavior reduces competition in a market, cooperative surplus in that market will ... (Read 37 times)

soccerdreamer_17 · **on:** Jun 29, 2018

If rent-seeking behavior reduces competition in a market, cooperative surplus in that market will

A) increase.
B) decrease.
C) remain unchanged.
D) All of the above are equally likely to occur.

Question 2

The baby boomers born in the 1940s and 1950s began entering the work force in the 1960s and 1970s .

This demographic event ________ the natural unemployment rate, thereby shifting the short-run Phillips curve ________ and shifting the long-run Phillips curve ________.
A) increased; rightward; leftward
B) decreased; rightward; rightward
C) increased; rightward; rightward
D) decreased; leftward; leftward
E) increased; leftward; rightward