Which of the following is an example of a horizontal merger?
A) Northeastern Illinois University merging with McDonald's.
B) Northeastern Illinois University merging with a training academy for new professors.
C) Northeastern Illinois University merging with Roosevelt University.
D) Northeastern Illinois University going from a public to a private university.
Answer: C
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Use the classical IS—LM model to show the effects of a temporary decrease in government purchases on the equilibrium levels of output, the real interest rate, employment, the real wage, and the price level
What will be an ideal response?
Which of the following is a stock variable? The number of
A) unemployed people. B) reentrants. C) job losers. D) job leavers.
Which of the follow is not a property of the aggregate demand curve?
A. It shows the relationship between the overall price level and the level of total demand. B. It shows the price level on the vertical axis and output on the horizontal axis. C. The aggregate demand curve slopes downward. D. It shows the relationship between the overall price level and level consumption.
In the open-economy macroeconomic model, the supply curve of currency is vertical because the quantity of currency supplied does not depend on the real exchange rate
a. True b. False Indicate whether the statement is true or false