If producers strongly object to banning advertising, it probably means that:
A. they use it simply to inform customers.
B. they see the ban as decreasing competition.
C. they believe the ban will benefit them.
D. they believe advertising persuades customers that products are more different than they really are. .
D. they believe advertising persuades customers that products are more different than they really are. .
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________ refers to funds available for immediate payment
A) Term deposits B) Velocity C) Mutual funds D) Liquidity
The requirement that people in similar situations be treated similarly is called
A) the big tradeoff. B) the symmetry principle. C) utilitarianism. D) efficiency.
If the output gap is greater than zero, real GDP is ________ potential GDP, and the economy will ________ to reach full employment
A) greater than; expand B) greater than; contract C) less than; expand D) less than; contract
The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are dollars per gallon. Between Year 1 and Year 2, nominal GDP grew by
A) 60.0%. B) 65.5%. C) 83.3%. D) 190.0%.