The Herfindahl-Hirschman Index measures
A. concentration in the industry.
B. industrial average output.
C. economies of scale.
D. consumer confidence.
Answer: A
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According to the Justice Department and the Federal Trade Commission, a merger would likely be challenged if
A) the post-merger industry has an HHI above 1,500 and the HHI rises by more than 100. B) the post-merger industry has an HHI above 500 and the HHI rises by more than 50. C) the number of firms in the post-merger industry is very large. D) the firms' markets are very large.
The long-run supply curve of a market for eggs is perfectly inelastic
Indicate whether the statement is true or false
Which of the following shifts short-run, but not long-run aggregate supply to the right?
a. a decrease in the actual rate of inflation b. a decrease in the expected rate of inflation c. a decrease in the capital stock d. a drought in the Midwest agricultural areas.
The number of presidentially appointed members who sit on the Federal Reserve Board of Governors is:
A. none. B. seven. C. nine. D. twelve.