A horizontal merger involves
A) the joining of two firms at different stages of the production process.
B) the separation of management from ownership.
C) the joining of two firms selling similar products.
D) the exchange of debt for stock.
C
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The real interest rate is the rate at which borrowers or lenders ________ to make transactions when issuing or receiving loans
A) are required B) refuse C) expect D) can only obtain from a financial intermediary
Contractionary monetary policy will result in
A) higher interest rates. B) increased rates of inflation. C) a leftward shift in the long-run Phillips curve. D) an upward shift in the short-run Phillips curve.
A demand relationship in which a given percentage change in price will result in a larger percentage change in quantity demanded is
A. elastic. B. unit-elastic. C. inelastic. D. consistent with zero elasticity.
The demands for labor and other input factors are called
A) derived demands, because the demand for these inputs depends on the demand for goods and services they are employed to produce. B) developed demands, because the demand for these inputs is developed from an analysis of the costs of advertising products. C) indirect demands, because the demand for these inputs is indirectly related to the costs of advertising products. D) reverse demands, because the demand for these inputs varies inversely with the demand for goods and services they are employed to produce.