As Product Markets Become Less Competitive and the Markup Rises

question 51

Multiple Choice

As product markets become less competitive and the markup rises, we would expect which of the following to occur?

• A) A decrease in the interest rate in the medium run.
• B) An increase in the aggregate price level as output increases.
• C) A decrease in the real wage in the medium run.
• D) No change in the real wage in the medium run.
• E) No change in output in the medium run.

---

Definitions:

Support Systems

Networks of individuals, organizations, or resources available to provide physical, emotional, and informational support to individuals in need.

Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Ruptured Cerebral Aneurysm

A life-threatening condition where a bulge in a brain artery bursts, causing bleeding into the space around the brain, which can lead to stroke, brain damage, or death.

Anticipatory Grief

The emotional pain or mourning that occurs before an impending loss, such as the death of a loved one or the end of a significant relationship.