Oligopolies can result from any of the following EXCEPT
A) economies of scale.
B) vertical mergers.
C) government regulation.
D) diseconomies of scale.
D
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If the real interest rate increases, there is
A) an upward shift of the consumption function. B) a movement downward along consumption function. C) a change in the slope of the consumption function. D) a movement upward along the consumption function. E) a downward shift of the consumption function.
In the early 1800s, ______________ developed a plan for the federal government's involvement in building transportation infrastructure such as canals and roads
a. Albert Gallatin b. Robert Fulton c. Thomas Jefferson d. Alexander Hamilton
Janice has calculated the GDP for 2018 by using the total final goods times the 2018 prices of total goods. If Janice wishes to create a real value GDP value for 2018, what must she do?
A. Janice must adjust the total value 2018 GDP for inflation. B. Janice must divide the total value of consumer goods by the exported goods values. C. Janice must multiply the total value by the projected GDP for 2019.
Nominal GDP will definitely increase when
a. prices increase and output increases. b. prices increase and output decreases. c. prices decrease and output increases. d. All of the above are correct.