Using the market shares in the table above, if Widgotech buys Widgette the HHI will
A) stay the same.
B) rise by 1 point.
C) rise by 10 points.
D) rise by 18 points.
D
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Refer to Figure 23-4. Potential GDP equals $100 billion. The economy is currently producing GDP1 which is equal to $90 billion. If the MPC is 0.8, then how much must autonomous spending change for the economy to move to potential GDP?
A) -$18 billion B) -$2 billion C) $2 billion D) $18 billion
The most liquid form of money is M3
Indicate whether the statement is true or false
On a one-dollar bill the letter in the middle of the seal indicates the
a. currency printing batch b. year of planned removal from circulation c. district bank issuing the bill d. legal reserve requirement e. type of paper used
Often antitrust enforcers
A. Cannot measure market concentration. B. Lack the resources to prosecute anticompetitive behavior. C. Prefer to break up companies that violate antitrust laws. D. Lack a legal structure to prosecute companies for monopoly behavior.