By forming a cartel the member firms can actually raise their profits
a. True
b. False
Indicate whether the statement is true or false
True
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A multinational organization that aims to promote world economic growth through more financial stability is the
A) World Bank. B) International Monetary Fund. C) Federal Reserve System. D) International World Fund.
The interest-rate effect is the impact on real GDP caused by the direct relationship between the interest rate and the:
a. price level. b. exports. c. consumption. d. investment.
Which of the following topics would be covered in microeconomics? a. The effects of an increase in the supply of lumber on the homebuilding industry. b. The unemployment rate
c. The effects of interest rates on the overall economy. d. The inflation rate.
If the government owes $15.0 trillion and then borrows $900 billion more this year, this leads to
a. a debt of $900 billion and a deficit of $15.9 trillion. b. a debt of $15.9 trillion and a deficit of $900 billion. c. a debt of $14.1 trillion and a deficit of $900 billion. d. a debt of $15.0 trillion and a deficit of $14.1 trillion. e. a debt of $15.9 trillion and a deficit of zero.