When firms already in the industry produce under conditions of substantial economies of scale, the market is said to be contestable
Indicate whether the statement is true or false
F
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If aggregate demand is less than the level of aggregate output, then ________ inventory investment will be ________
A) planned; positive B) actual; positive C) actual; negative D) planned; negative
Historically, price discrimination was considered illegal in all instances. More recently, antitrust authorities have discovered that
A) price discrimination can increase the coverage of a market thereby increasing welfare. B) price discrimination limits the coverage of a market thereby increasing welfare. C) price discrimination limits the coverage of a market thereby decreasing welfare. D) price discrimination can increase the coverage of a market thereby decreasing welfare.
If both demand for and supply of capital increase by equal amounts, then the equilibrium price of capital goes up, and the equilibrium quantity of capital increases
a. True b. False Indicate whether the statement is true or false
The Federal Reserve Open Market Committee meets about ____ times a year
a. 8. b. 12. c. 4. d. 2. e. 24.