If rent-seeking behavior reduces competition in a market, ...

[soccerdreamer_17]

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

[dantucker]

Answer to Question 1

B

Answer to Question 2

C

[soccerdreamer_17]

YES! Correct, THANKS for helping me on my review

[gcook]

Thanks for the timely response, appreciate it