An oligopoly would tend to restrict output and drive up price if
a. barriers to entering the industry are negligible.
b. firms engage in informative advertising.
c. firms produce a standardized product.
d. firms collude and behave like a monopoly.
d
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Which of the following is a key assumption leading to the Monetarist view that government deficits crowd out private investment?
A) Money demand is sensitive to the interest rate. B) The aggregate supply curve is horizontal. C) Technology is fixed. D) Investment is sensitive to the interest rate.
One difference in the creation of a corporation as opposed to other forms of business is that a corporation
a. requires the receipt of a state charter b. must receive a federal charter c. must have at least 10 employees d. must operate in at least two states e. must produce at least two products
Long-run economic growth is consistent with:
A. Expanding the aggregate demand curve. B. Expanding the production possibilities curve. C. An increase in government spending. D. An increase in GDP per capita.
Consumption spending is $16 million, planned investment spending is $4 million, unplanned investment spending is $2 million, government purchases are $6 million, and net export spending is $1 million. What is aggregate expenditure?
What will be an ideal response?