When the unemployment rate is relatively high, we can conclude that:
What will be an ideal response?
potential GDP is in excess of actual GDP
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Which of the following mergers would result from the purchase of a computer chip company by IBM?
a. A horizontal merger. b. A vertical merger. c. A conglomerate merger. d. An interlocking merger.
The amount by which the quantity demanded exceeds the quantity supplied at a given price is a
A. Balance-of-payments surplus. B. Market surplus. C. Balance-of-payments deficit. D. Market shortage.
Exhibit 9-1 Monopolist's demand curve
?
In Exhibit 9-1, the marginal revenue curve corresponding to the monopolist's demand curve would be a straight line drawn between points:
A. A to B. B. A to D. C. C to B. D. C to D.
Translating the preferences of each individual into the preferences of the group is _____
a. a challenge faced only by clubs b. a challenge faced by all collective decision making organizations c. inherent in all decision making d. a challenge faced only by government