If competition is viewed as a dynamic process, then firm size should not be a primary concern and antitrust policy should not necessarily aim at increasing the number of firms in an industry
Indicate whether the statement is true or false
true
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Unemployment typically ________ during a recession.
A. remains constant B. only exist C. rises D. falls
The fact that it takes time for government to identify and recognize a problem is one reason for the occurrence of
A) implementation lags. B) outside lags. C) inside lags. D) structural lags.
Contractionary monetary policy causes a ________ the MP curve and a ________ the aggregate demand curve
A) movement to the right along; shift to the right of B) downward shift of; shift to the right of C) movement to the left along; movement up along D) upward shift of; shift to the left of
One way to solve the free-rider problem is:
A. have the government provide the good at a certain cost. B. make the good or service more excludable. C. tax those who truly value the good. D. tax everyone an equal amount for the good.