Most of the countries in the world suffered long and deep losses of output and employment between 1930 and 1935, which in turn meant fewer purchases of U.S. goods and services. Which of the following indicates the appropriate change in the U.S. economy?
A. Aggregate demand shifted to the left
B. Aggregate demand shifted to the right
C. The economy moved up along the aggregate demand curve
D. The economy moved down along the aggregate demand curve
A. Aggregate demand shifted to the left
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An open market operation involves
A) the Federal Reserve's purchase or sale of securities. B) the Federal Reserve's issuance of new stock. C) changing federal income tax rates. D) raising the debt limit of the United States.
A free rider is one who enjoys the benefits of a public good without paying for it.
Answer the following statement true (T) or false (F)
Generally, when the Federal Reserve lowers interest rates, investment spending ________ and GDP ________.
A. increases; decreases B. increases; increases C. decreases; decreases D. decreases; increases
Identify the type of merger in each of the following situations and indicate how the post-merger concentration ratio for the industry is affected
a. A steel company merges with a coal and iron ore mining company.b. Staples, a retailer of office supplies, acquires Office Depot, another retailer of office supplies.c. An oil company merges with pipeline, shipping, and railroad companies as well as refineries and gas stations.