In general we could say that the decade of the 1980s was a time of
A. more regulation.
B. less regulation.
C. little change in degree of regulation.
B. less regulation.
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In the RBC model, actual real GDP is
A) never equal to the natural real GDP. B) equal to the natural real GDP when P = Pe. C) equal to the natural real GDP when P is equal to or greater than Pe. D) always equal to the natural real GDP.
If a large hardware chain offers a ten percent discount to those currently serving in the military and veterans, this is an example of ________ and is ________.
A) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly B) conditional sales; always illegal per se C) price discrimination; always illegal per se D) conditional sales; only illegal if the practice substantially lessens competition or tends to create a monopoly
By making involuntary exchanges illegal,
a. criminal law eliminates such exchanges b. tort law contributes to economic efficiency c. criminal law channels energies into activities that benefit everyone d. criminal law reduces producer surplus while increasing consumer surplus e. antitrust law contributes to monopolization of markets
Assume that Currency 1 appreciated in terms of Currency 2 . Which of the following statements is always true?
a. Currency 2 appreciated as well in terms of currency 1. b. Currency 2 may have appreciated or depreciated in terms of currency 1. c. Currency 2 depreciated in terms of currency 1. d. Currency 2 appreciated in terms of any currency. e. Currency 2 depreciated in terms of any currency.