An increase in the money supply in the Friedman-Lucas money surprise model
A) reduces aggregate output, raises the price level, and reduces the real interest rate.
B) increases aggregate output, reduces the price level, and reduces the real interest rate.
C) increases aggregate output, raises the price level, and reduces the real interest rate.
D) reduces aggregate output, raises the price level, and raises the real interest rate.
C
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As the marginal propensity to consume ________, the value of the multiplier increases
A) decreases slightly B) is constant C) increases D) decreases
The strategy whereby a firm makes most of its own inputs is called:
A. economies of scope. B. horizontal integration. C. economies of scale. D. vertical integration.
Which statement is true?
A. Industry X has a higher Herfindahl-Hirschman index than Industry Y.
B. Industry Y has a higher Herfindahl-Hirschman index than Industry Z.
C. Industry Z has a higher Herfindahl-Hirschman index than Industry X.
D. Industries X, Y, and Z have the same Herfindahl-Hirschman index.
If a market with monopolistic competition became a monopoly market, output would:
A. fall. B. be incomparable. C. not change. D. rise.