A good example of _______ is the merger between a steel firm and an ice cream firm
a. a horizontal merger
b. a vertical merger
c. a conglomerate merger
d. either a horizontal or vertical merger, depending on whether the oligopoly is balanced or unbalanced
e. either a horizontal or vertical merger, depending on the market shares of the two companies
C
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Changes in the federal funds rate usually result in
A) changes in both short-term and long-term interest rates with more of an effect on short-term interest rates. B) changes in both short-term and long-term interest rates with equal effect on both. C) changes in both short-term and long-term interest rates with more of an effect on long-term interest rates. D) no change in either short-term or long-term interest rates.
Suppose that a firm is currently earning revenues that are smaller than its total costs. The firm's managers are trying to decide whether or not the firm should shut down in the short run
On what information should the manager's decision be based?
According to the misperceptions theory, after an unanticipated increase in the money supply has occurred, the SRAS curve must shift ________ to restore general equilibrium; as it does so, the price level ________
A) downward; rises B) downward; falls C) upward; rises D) upward; falls
If a monopolist is producing the quantity at which marginal revenue exceeds marginal cost, it should
A. increase output if it wants to maximize profits. B. continue to produce this amount if it wants to maximize profits. C. reduce output if it wants to maximize profits. D. reduce price and keep output unchanged if it wants to maximize profits.