The amount of inflation caused by expansionary monetary policy depends on the slope of the aggregate supply curve.
Answer the following statement true (T) or false (F)
True
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Optimal currency areas should have ________ in order to succeed
A) high labor mobility B) low labor mobility C) imperfectly mobile capital D) few policy externalities
If the premerger Herfindahl index is less than 1,000 . the Department of Justice is likely to challenge a merger
a. True b. False
The process by which new firms and new products replace existing dominant firms and products is called:
A. monopolistic competition. B. mergers and acquisitions. C. process innovation. D. creative destruction.
An efficient outcome can always be reached by requiring the individual who produces the externality to fully compensate individuals for any damage inflicted.
Answer the following statement true (T) or false (F)