Cartel prices are inherently stable.
Answer the following statement true (T) or false (F)
False
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In the U.S., the most recognized entrepreneurs during industrialization were
(a) clearly monopolists. (b) robber barons, who solely realized the concentrated wealth accumulated nation-wide. (c) individuals whose market power clearly originated from within the government. (d) key individuals who were famous or wealthy.
The aggregate demand curve shows the ________.
A. inverse relationship between the price level and the quantity of real GDP purchased B. direct relationship between real-balances and the quantity of real GDP purchased C. direct relationship between the price level and the quantity of real GDP produced D. inverse relationship between interest rates and the quantity of real GDP produced
To measure an economy's output adjusted for changes in the price level, one would use
A. Nominal GDP. B. GDP per capita. C. Real GDP. D. Value added.
In the macroeconomic long run,
What will be an ideal response?