Refer to the information provided in Figure 26.5 below to answer the question(s) that follow.
Figure 26.5Refer to Figure 26.5. Which of the following combinations would definitely increase the equilibrium interest rate?
A. government spending decreases and the price level increases
B. government spending increases and the price level decreases
C. government spending increases and the price level increases
D. government spending decreases and the price level decreases
Answer: C
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The three largest firms in an industry have market shares of 40 percent, 30 percent, and 2 percent. The remaining 47 firms in the industry each have a market share of 1 percent. The Herfindahl-Hirschman Index (HHI) for this industry is
A) 2,551. B) 5,184. C) 24,061. D) 10,000. E) 3,013.
Dee's TV Repair is the only TV repair shop in a small town. Dee is a single-price monopolist
Based on the demand and cost information in the table above, what is the amount of economic profit made or loss incurred at the quantity of TV repairs that profits are maximized or losses minimized? A) -$400 B) $800 C) -$100 D) $200
If banks choose not to lend out their excess reserves, the money supply will not expand
a. True b. False Indicate whether the statement is true or false
The excise tax on gasoline is
A. a direct tax. B. an indirect tax. C. both a direct tax and an indirect tax. D. neither a direct tax nor an indirect tax.