A kinked demand curve is associated with
a. perfect competition.
b. monopolistic competition.
c. an oligopoly.
d. public utilities.
c. an oligopoly.
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If stock prices are expected to drop dramatically, then, other things equal, the demand for stocks will ________ and that of Treasury bills will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
How does social regulation differ from economic regulation?
What will be an ideal response?
The cost to society of unemployment can be expressed in terms of
a. increased unemployment benefits paid for by taxpayers b. lower real GDP c. increased government involvement in the economy d. decreased tax revenues e. increased government spending
Explain why it was necessary to pass the Clayton Act when the Sherman Act had already addressed the antitrust issue.
What will be an ideal response?