When checks are exchanged between banks, the Fed oversees the banks to ensure the appropriate funds have been transferred. This is known as
A. check floating.
B. check kiting.
C. check clearing.
D. check balancing.
Answer: C
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Suppose that there are 10 firms in an industry, each accounting for 10 percent of industry sales. Two of these firms decide to merge. Which of the following statements about the impact of this merger is (are) INCORRECT?
A) The merger causes the four-firm concentration ratio to increase from 40 to 50. B) The merger causes the HHI to increase by 100. C) The merger will not change the HHI unless the industry's sales increase. D) Both answers A and C are incorrect.
The short run is a period of time
a. less than one year b. greater than one year c. during which all resources are variable d. during which at least one resource is fixed e. during which at least one resource is variable
Permanent tax changes have a _____ effect on aggregate demand compared to temporary tax changes
Fill in the blank(s) with correct word
If prices are fixed, an increase in investment results in an increase in equilibrium GDP thatis greater than the change in investment
What will be an ideal response?