The key element in preserving a monopoly is keeping rivals out of the market.
Answer the following statement true (T) or false (F)
True
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Suppose that Year 2 is the base year. What is the growth rate of GDP?
A) 44.4% B) 58% C) 67.5% D) 120%
Which of the following is emphasized by supply-side economics?
a. The impact of budget deficits on interest rates and aggregate demand. b. The impact of government spending on aggregate demand, output, and employment. c. The impact of marginal tax rates on aggregate supply. d. The impact of budget deficits on the rate of taxation in the future.
An example of a non-discretionary fiscal policy is:
a. Legislation passed to improve U.S. roads and bridges. b. Increased U.S. defense spending after the September 11, 2001 terrorist attacks. c. Fixed income tax rates. d. All of the above. e. None of the above.
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A