Which of the following markets are closest to perfectly competitive
a. The market for smart phones
b. The market for generic pharmaceuticals
c. The market for sport shoes
d. The market for fast food
b
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From World War II through 2010, the United States experienced ________ recessions
A) 2 B) 5 C) 11 D) 15
Precisely what is meant by economic income?
What will be an ideal response?
The aggregate demand curve of an economy illustrates the relationship between: a. interest rates and income levels
b. the price level and real gross domestic product (GDP). c. the price level and interest rates. d. income levels and real gross domestic product (GDP). e. real income levels and nominal income levels.
In contrast to changes in government spending, tax changes affect spending
a. directly. b. in the same proportion. c. by a greater amount. d. indirectly.