In the long run, inflation
a. and unemployment are primarily determined by labor market factors.
b. and unemployment are primarily determined by the rate of money supply growth.
c. is primarily determined by the rate of money supply growth while unemployment is primarily determined by labor market factors.
d. is primarily determined by labor market factors while unemployment is primarily determined by the rate of money supply growth.
c
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If a dominant firm is charged with refusal to deal under antitrust law, it is being charged because
A) the firm will not set its price at the regulated rate. B) it is refusing to sell a key input to downstream rivals, thereby reducing or destroying competition. C) it is refusing to cooperate with antitrust authorities, such as the Department of Justice. D) it will sell its products only to people who agree to buy only from it and not from rival firms.
According to Friedman, a person's marginal propensity to consume is determined by the person's
a. transitory income b. permanent income c. absolute income d. marginal propensity to save e. life cycle income
Suppose that you are a fishing boat owner and that you have purchased a boat for $75,000 with a 15 year loan for the full amount. What is your fixed cost per year, ignoring interest payments?
a. $1,000 b. $7,500 c. $5,000 d. $2,500 e. $3,750
The Trade Adjustment Assistance program is intended to help
a. businesses that seek to expand exports into protected foreign markets. b. local governments that are harmed when businesses fail as imports increase. c. protected industries obtain improved technology in order to increase productivity. d. workers and businesses that lose markets because of increases in imports.