In which of the following areas were substantial New Deal reforms NOT made?
a. The commercial banking system.
b. The Federal Reserve System.
c. Securities markets.
d. Corporate accounting standards.
d. Corporate accounting standards.
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The outcome of a competitive oligopoly:
A. is less efficient than that of colluding oligopolists. B. is more efficient than that of a perfectly competitive outcome. C. is more efficient than that of a monopolist. D. is less efficient than that of a monopolist.
A movement downward and to the right along a demand curve is called a(n)
a. increase in demand. b. decrease in demand. c. decrease in quantity demanded. d. increase in quantity demanded.
A depression is:
A. the high point of economic activity prior to a downturn. B. a particularly severe and protracted recession. C. the low point of economic activity prior to a recovery. D. a particularly strong and protracted expansion.
Input productivity refers to the amount of output produced per unit of the input.
Answer the following statement true (T) or false (F)