Author Question: In the United States, the inflation rate has A) remained almost constant over the past 25 years. ... (Read 150 times)

JMatthes · **on:** Jun 29, 2018

In the United States, the inflation rate has

A) remained almost constant over the past 25 years.
B) risen and fallen since the 1970s.
C) fallen as a result of OPEC oil price hikes.
D) risen constantly over the past 30 years.

Question 2

A perfectly competitive market is characterized by

A) high barriers to entry.
B) firms that are price setters.
C) firms facing a downward sloping demand curve.
D) no restrictions on entry into the market.