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Unanticipated inflation . O a. increases the real value of savings . O b. benefits lenders at the expense of borrowers . O c. increases the purchasing power of the dollar . O d. arbitrarily "taxes" fixed-income groups. Kimberly voluntarily quit her job as an insurance agent to return to school full-time to earn an MBA degree. With degree in hand, she is now searching for a position in management. At present, Kimberly is O a: cyclically unemployed O b. seasonally unemployed . O c. frictionally unemployed. O d. structurally unemployed . 2 The profit-maximizing output rule applies O a. only when the business is a "price-taker" N O b. to businesses in all types of industries. O c. only to monopolistically competitive businesses O d. only to monopolies Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a perfectly competitive market at $10 per unit. Its fixed costs are $100 and its average variable cost is $3 at 20 units of output. On the basis of this information we can say that the corporation . O a. should close down in the short run . O b. is realizing an economic profit of $40 O c. is realizing an economic profit of $60 L