The 1969 IBM case ended when
A. IBM won an injunction against Apple's production of PCs.
B. the U.S. Justice Department dropped the case in 1982.
C. mainframe computers gradually replaced PCs in economic importance.
D. Apple and Microsoft dropped their complaints against IBM.
Answer: B
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During the short-run period of the production process, a firm is: a. unable to vary any of its factors of production
b. able to vary only some of its factors of production. c. able to vary all of its factors of production. d. able to vary the size of its plant.
Frictional unemployment goes up when:
A. Students quit work to return to school at the end of the summer. B. A corporation transfers a worker to another city. C. A worker quits one job in order to search for another. D. There is inadequate demand for labor.
Some examples of unconventional monetary policies include massive lending to banks, or even to firms that are nor banks, and open-market purchases of securities other than Treasury bills.
Answer the following statement true (T) or false (F)
Refer to the above figure. Suppose point A is the original equilibrium. If there is an increase in the money supply, the new long-run equilibrium is given by point
A. A. B. B. C. C. D. D.