Rational expectations theory implies that the:
A. aggregate demand curve is vertical.
B. long-run aggregate supply curve is vertical.
C. long-run aggregate supply curve is horizontal.
D. long-run aggregate supply curve is quite flat.
B. long-run aggregate supply curve is vertical.
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Which of the following most accurately describes the type of mergers that the antitrust laws are intended to prohibit?
a. mergers that tend to reduce competition b. horizontal mergers c. both vertical and horizontal mergers d. conglomerate mergers e. vertical mergers
The production function shifts upward as the capital stock increases.
Answer the following statement true (T) or false (F)
It is ____ to identify an asset bubble before it bursts ____ to identify an asset bubble after it bursts.
A. simple; and also simple B. simple; but difficult C. difficult; but simple D. difficult; and also difficult
The ________ interest rate equals the ________ interest rate minus ________.
What will be an ideal response?