Recall the Application about the merger of Office Depot and Office Max to answer the following question(s).Recall the Application. In 2013, the Federal Trade Commission (FTC) ________ the merger of Office Depot and Office Max by concluding that it would not ________ competition in the retail office-supply market.
A. approved; decrease
B. approved; increase
C. denied; decrease
D. denied; increase
Answer: A
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The slope of the LM curve will be flatter the __________ is the income-sensitivity of the demand for money and the __________ is the interest-sensitivity of the demand for money
A) less; less B) less; greater C) greater; less D) greater; greater
In the basket of goods that is used to compute the consumer price index, which of the following categories of consumer spending is the largest?
a. education & communication b. food & beverages c. medical care d. recreation
Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer. If the lemonade market is perfectly competitive, and Jenny is charging the equilibrium price, then Jenny can increase her revenue if she:
A. increases the price of her lemonade and decreases her output. B. keeps the price of her lemonade the same and increases the output. C. decreases the price of her lemonade and doesn't change her output. D. increases the price of her lemonade and doesn't change her output.
For the economy to be in equilibrium, the following condition must be satisfied: G + I = S + T.
Answer the following statement true (T) or false (F)