A countercyclical variable ________
A) moves up during expansions and down during contractions
B) is another term for an acyclical variable
C) moves in the same direction as aggregate economic activity
D) all of the above
E) none of the above
E
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The federal law prohibiting mergers when the merger reduces competition substantially is the
A) Clayton Act. B) Miller-Tydings Act. C) Robinson-Patman Act. D) Sherman Act. E) Taft-Hartley Act.
Explain how advertising influences the demand for a firm's product
What will be an ideal response?
The introduction of a new currency is generally sufficient to achieve a permanent reduction in the inflation rate
a. True b. False Indicate whether the statement is true or false
A good would not be very suitable to use as money if it
a. is portable because it is needed as a store of value b. is divisible because each unit of money should have the same value c. is scarce because we need more money as the economy grows d. is commonly accepted as a medium of exchange because everyone will hoard it e. lacks uniformity because the money supply would be of varying quality and people will hoard the preferred money and circulate only the less preferred