Between World War II and the 1970s, three firmsGeneral Motors, Chrysler, and Fordproduced and sold nearly all the output of the U.S. auto industry. These three firms had
A) an oligopoly.
B) monopolistic competition.
C) colluded.
D) a pure monopoly.
Question 2
An increase in a country's saving rate will tend to cause which of the following in the long run?
A) a reduction in per capita real GDP
B) an increase in economic growth
C) an increase in the unemployment rate
D) an increase in the rate of inflation
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