Campbell Soup agrees to sell its brand to a grocery chain only if the chain also agrees to buy a minimum number of cases of its V-8 juice. This is an example of:
a. a resale price maintenance agreement.
b. a tying agreement.
c. exclusive dealing.
d. price discrimination.
b
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One problem with employer mandated health insurance is _____
a. it increases the cost of hiring employees b. it makes it difficult to employ highly-skilled individuals c. it provides universal coverage d. it creates moral hazard
Going to college to get more knowledge and skills is considered to be an increase in
A) physical capital. B) consumption. C) human capital. D) net exports.
According to rational expectations theory: a. a large reduction in unemployment can be achieved with a relatively small increase in inflation
b. people are not easily fooled by changes in government fiscal policy. c. inflation rates that rise 3 percentage points each year will keep unemployment below its natural rate for a sustained period of time. d. the Phillips curve will slope downward to the right, if people correctly anticipate the inflation rate.
In which of the following monetary aggregates are Treasury Bills included?
a. M1 only b. M2 only c. both M1 and M2 d. neither M1 nor M2