In the textbook model of endogenous growth, the production function is modeled as
A. Y = AK.
B. Y = X.
C. Y = S - I.
D. Y = C + I + G + NX.
Answer: A
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Keynesians and supply-siders both agree that the government can take steps to reduce both the unemployment rate and the inflation rate
Indicate whether the statement is true or false
A fixed exchange rate is:
a) set by the government. b) also called a floating exchange rate. c) determined in international currency exchange markets. d) set equal to the prime rate.
The Sherman Act was designed to:
A. exempt commercial banks from the antitrust laws. B. make interlocking directorates legal. C. prohibit misleading and antisocial advertising. D. make monopoly and acts that restrain trade illegal.
Which market structure would likely have the highest concentration ratio?
a. Monopoly b. Oligopoly c. Monopolistic competition d. Perfect competition