Unused lines of credit on credit cards are part of M2
a. True
b. False
Indicate whether the statement is true or false
False
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A example of a topic studied in the field of new growth is how incentives for ________ interact with the accumulation of physical capital
A) international trade B) new product development C) research and development D) all of the above
Assume that the supply curve for a commodity shifts to the left and the demand curve shifts to the right, and the shift in demand is greater than the shift in supply
Then, in comparison to the initial equilibrium, the new equilibrium will be characterized by: A) a lower price and quantity. B) a higher price and quantity. C) a higher price and a lower quantity. D) a lower price and a higher quantity.
According to the U.S. Supreme Court's 1920 ruling on U.S. Steel,
a. all monopolies are illegal b. all oligopolies violate the Sherman Antitrust Act c. large firms cannot be found to be in violation of the Sherman Antitrust Act d. "mere size is no offense" e. possession of market power is sufficient for a firm to be found in violation of the Sherman Antitrust Act
Which of the following transactions would be included in the calculation of Gross Domestic Product (GDP)?
A. the purchase of a second-hand lawnmower from your neighbor B. the purchase of a share of stock in Apple C. the purchase of wheat by a baker to make bread D. the purchase of legal services