Hyperinflation is often fueled by ____________ as spending accelerates and production declines
Fill in the blank(s) with the appropriate word(s).
speculation
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If firms in a monopolistically competitive industry are making an economic profit, then
A) some customers will exit the market. B) some workers will leave the industry's labor force. C) some firms will leave the industry. D) new firms will enter the industry.
If a family's MPC is .7, it is:
a. Operating at the break-even point b. Necessarily dissaving c. Spending 70 percent of its income on consumer goods d. Spending seven-tenths of any increment to its income
If a bond sells for $1,000 and pays $50 per year in interest, the interest rate on the bond is
A. 50 percent. B. 20 percent. C. 2 percent. D. 5 percent.
The application of current US antitrust law
A. extends its long reach to block mergers that reduce competition. B. reaches beyond the subjective judgments of antitrust regulators. C. includes a wide arrange of anticompetitive practices. D. includes a narrow range of anticompetitive practices.