The largest category of financial intermediary is the
A) commercial banks.
B) savings-and-loans.
C) insurance companies.
D) mutual funds.
A
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Investment spending ________ during a recession, and ________ during an expansion
A) declines; increases B) increases; increases C) declines; declines D) increases; declines
If the short run aggregate supply curve is flat, the Phillips curve will be
a. flat b. steep c. horizontal d. upward sloping
Children of female heads of households are five times more likely to live in poverty than other children
a. True b. False
If a natural monopoly is forced to follow a policy of average-cost pricing, the monopolist will:
A. earn economic profits greater than zero. B. charge a higher price than if the monopolist were not regulated. C. charge a lower price than if the monopolist were not regulated. D. decrease output below that in an unregulated pricing policy.