A horizontal merger involves
a. two companies in the same line of business joining together
b. a buyer's expanding operations forward toward the final customer
c. a buyer's expanding operations backward toward the source of raw material
d. companies in unrelated lines of business coming together
e. b and c
a. two companies in the same line of business joining together
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A market demand curve shows
a. the relationship between price and the number of buyers in a market. b. how quantity demanded changes when the number of sellers changes. c. the sum of all prices that individual buyers are willing and able to pay for each possible quantity of the good. d. how much of a good all buyers are willing and able to buy at each possible price.
M2 is equal to M1 plus:
A. savings deposits, money market deposit accounts, small time deposits, and eurodollars. B. savings deposits, money market deposit accounts, money market mutual funds, and eurodollars. C. small time deposits, money market deposit accounts, money market mutual funds, and eurodollars. D. savings deposits and small time deposits of less than $100,000.
During periods of poor economic performance, real GDP:
A. declines and unemployment rises. B. declines and unemployment declines. C. declines but unemployment typically does not change. D. is unchanged but unemployment rises sharply.
Which of the following would indicate the beginning of an expansionary phase in an economy?
a. A minor increase in the number of new firms b. A decline in stock market prices c. An improvement in consumer confidence d. A slowdown in housing construction e. A decrease in the number of orders for new equipment