The Mega automobile manufacturer is suffering higher costs due to rising steel prices. Which of the following actions could be considered collusive activity by Mega?
a. It decides to raise its prices after its competitors raise their prices.
b. It meets with its rivals to develop a plan to increase prices.
c. It predicts that its competitors will increase their prices.
d. It meets with its suppliers to discuss the factors affecting steel prices.
b. It meets with its rivals to develop a plan to increase prices.
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Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
If output is falling, a procyclical fiscal policy will result in:
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