The commercial jetliner industry consisting of Boeing and Airbus would best be described as a (an)
a. perfectly competitive market.
b. monopolistically competitive market.
c. oligopoly.
d. monopoly.
c
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New Keynesians hypothesize that
A) fluctuations in output are largely caused by supply shocks. B) the relationship between inflation and unemployment is exploitable in the long run. C) the relationship between inflation and unemployment is exploitable in the short run. D) there is no relationship between inflation and unemployment.
Which of the following is included in U.S. GDP?
i. the rental value of homes owned by U.S. citizens ii. the production of Suburban SUVs by GM in its plant in Mexico iii. tickets sold by U2 for concerts held in the United States A) i only B) ii only C) ii and iii D) i, ii and iii E) i and iii
Deliberation councils have no private sector input
Indicate whether the statement is true or false
In absolute terms and relative to other countries, what happened to U.S. growth rates in productivity as measured by output per paid hour in the late 1960s and 1970s?
(a) They increased. (b) They stayed the same. (c) They fell. (d) They fell early on and then increased past their previous levels.