An example of a horizontal merger is one between an airline and:
A. A chain of hotels
B. Another airline
C. An aluminum company
D. A car rental company
B. Another airline
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In a certain economy, the components of aggregate spending are given by:C = 100 + 0.9(Y - T) - 500rI = 150 - 1,000rG = 200NX = 50T = 100Given the information about the economy above, what is the short-run equilibrium output if the real interest rate is 4 percent?
A. 3,800 B. 350 C. 410 D. 3,500
An excess demand in a market implies that
a. the amount demanded is less than the amount supplied b. price is greater than the equilibrium price c. a shortage of the good exists d. a surplus of the good exists e. the government must implement a price ceiling
Providing a fixed number of workers with additional capital will ________ average labor productivity at a(n) ________ rate.
A. increase; decreasing B. decrease; decreasing C. increase; constant D. increase; increasing
(Consider This) The ratchet effect is the tendency
A. the price level to increase but not to decrease. B. nominal GDP to increase more rapidly than real GDP. C. real interest rates to fall more rapidly than nominal interest rates. D. consumption to rise year after year regardless of what happens to disposable income.