When Keynesian equilibrium is present,
a. aggregate demand for goods and services will equal the current rate of output.
b. business inventories will be increasing.
c. full employment must be present.
d. the actual rate of unemployment must equal the natural rate of unemployment.
A
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To have a monopoly in an industry there must be
A) a public franchise, making the monopoly the exclusive legal provider of a good or service. B) an inelastic demand for the industry's product. C) barriers to entry so high that no other firms can enter the industry. D) a patent or copyright giving the firm exclusive rights to sell a product for 20 years.
“Common stock” is the type only sold to small investors.
Answer the following statement true (T) or false (F)
If all taxpayers pay the same percentage of their income in taxes, the tax is termed a(n):
A. progressive tax. B. per unit tax. C. proportional tax. D. head tax.
A plastics manufacturer can make either toys or containers. If the demand for toys increases, then the:
a. Supply of containers will decrease b. Supply of containers will increase c. Demand for containers will decrease d. Demand for containers will increase