James' pretzel stand merges with a company that supplies the condiments to James. This is an example of
A) conglomerate merger.
B) concentration ratio.
C) vertical merger.
D) horizontal merger.
Answer: C
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U.S. macroeconomic data show that a stable Phillips curve existed during the 1960s
a. True b. False Indicate whether the statement is true or false
International capital flows tend to reduce the impact of fiscal policy
a. True b. False Indicate whether the statement is true or false
Federal antitrust laws in the United States are intended to
A) promote competition by prohibiting monopolies. B) promote income equality. C) create new monopolies. D) create only government-owned organizations.
In the monetary small open-economy model with a fixed exchange rate, an increase in the foreign price level has which impact on domestic money demand?
A) It increases it. B) It decreases it. C) It has no impact. D) It depends.