If all six suppliers of cement to Metropolis all agree to establishes a price of $45 per ton, this would be
a. a legal contract
b. price discrimination
c. cost-plus pricing
d. a cartel
e. beneficial to consumers
D
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Answer the following statements true (T) or false (F)
1. Government intervention in the U.S. economy includes legislation such as antitrust laws, labor laws, and safety regulations. 2. Full employment is considered to have been achieved only when everybody in the economy has a job. 3. An economic growth rate of 3 percent would be considered unhealthy for the U.S. economy. 4. A stable unemployment rate requires that the U.S. economy grow each year in order to absorb new workers who enter the labor force.
If the optimal forecast of the return on a security exceeds the equilibrium return, then
A) the market is inefficient. B) no unexploited profit opportunities exist. C) the market is in equilibrium. D) the market is myopic.
The natural rate is natural in the sense that macroeconomic policy
a. sees it all the time b. can ignore it c. can't do much about it d. is a natural reaction to unemployment e. has always recognized that some workers will be voluntarily unemployed
The economy is considered to be at full employment when the rate of cyclical unemployment is zero
Indicate whether the statement is true or false