The legal system in the United States tends
A) to support monopolies.
B) to actively discourage unionization.
C) to discourage the entry of new firms into industries.
D) to promote competition.
D
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Why is the demand for real money balances related to the nominal interest rate, rather than the real interest rate?
What will be an ideal response?
In a perfectly competitive market, the good or service cannot differ substantially among sellers
a. True b. False
The slope of an indifference curve at all points reflects
a. the terms by which the consumer can trade off goods in the market. b. the relative prices of the two goods. c. the willingness of the consumer to trade one good for another. d. consumer income relative to the price of a good. e. the relative price ratio of the two goods.
In a debate on the state of the economy Senator A pointed out that the price of clothing, fruits, and computers had decreased slightly over the last year, while Senator B stated that the inflation rate had increased over the last year. In this example, aggregate data is being used by:
A. Senator B. B. neither senators. C. both senators. D. Senator A.