One way that public policy encourages cooperation among oligopolists is through antitrust law
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The formula for aggregate expenditure is
A) AE = C + I + depreciation - NX. B) AE = C + I + G. C) AE = C + I + G - NX. D) AE = C + I + G + NX.
Economics
Monetarism is a school of thought put forth by Milton Friedman. He argued that the economy would most likely
A) be below potential GDP. B) be above potential GDP. C) be unstable. D) be at potential GDP.
Economics
The father of modern economics that wrote The Wealth of Nations is:
a. Karl Marx b. John Maynard Keynes c. Adam Smith d. Thorstein Veblen
Economics
Repeated games can lead to tacit collusion
a. True b. False Indicate whether the statement is true or false
Economics