In the United States, regulation increased steadily in the early 1970s in the areas of
A. health, safety, and the environment.
B. transportation.
C. telecommunications.
D. food and drugs.
Answer: A
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A technological advance ________ potential GDP, ________ aggregate supply, and shifts the aggregate supply curve ________
A) decreases; increases; rightward B) decreases; decreases; leftward C) increases; decreases; leftward D) increases; increases; rightward E) increases; increases; leftward
Which of the following is the most important protection against fears of bank collapse?
a. The Federal Reserve. b. The Federal Reserve Open Market Committee. c. The Federal Deposit Insurance Corporation. d. The gold and silver that backs Federal Reserve notes.
Which of the following shifts the short-run supply curve to the right?
A. An increase in the price level B. An increase in the minimum wages C. A decrease in the price of oil D. All of these responses are correct.
A cartel most likely forms in
A) an oligopolistic market. B) a perfectly competitive market. C) a monopolistically competitive market. D) a heavily regulated industry.