If collusion was not illegal, than it is more optimal
a. For megastore to advertise and for superstore to advertise
b. For megastore to advertise and for superstore not to advertise
c. For megastore not to advertise and for superstore to advertise
d. For megastore not to advertise and for superstore not to advertise
d
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What will be an ideal response?
Which of the following prevented the Fed from reducing long-term real interest rates during the Financial Crisis of 2007-2009?
A) an increase in expected inflation B) an increase in the risk premium C) the collapse in the housing market D) the failure of the federal funds rate to respond to monetary policy
Which of the following conditions describes a recessionary gap?
A) The short-run equilibrium level of real GDP is above the long-run level of real GDP. B) The short-run equilibrium level of real GDP is below the long-run level of real GDP. C) The actual interest rate is above the equilibrium interest rate. D) The actual interest rate is below the equilibrium interest rate.
In order for something to be used as money, it must be _____
a. issued by the government b. issued by banks c. declared to be money d. generally acceptable e. made of something valuable