Which of the following is a possible consequence if a contractionary monetary policy is adopted?
A) The demand for labor will increase.
B) The aggregate price level will rise.
C) Real output will increase if nominal wages are fixed.
D) Real wages will increase if nominal wages are fixed.
D
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Which of the following characteristics is a precondition for economic growth?
i. economic freedom ii. free markets iii. active government policy to discourage saving A) ii only B) Both ii and iii C) i only D) iii only E) Both i and ii
Healthy Nuts contractually requires distributors who purchase Healthy Nuts' snack packs to also purchase Healthy Nuts' large -sized mixed nuts tins. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 2 B) 8 C) 3 D) 7
A trade surplus provides a measure of the gap between exports and imports
a. True b. False Indicate whether the statement is true or false
When economies of scale are important, imposing competition by splitting a monopolistic firm into many rival units will
a. lead to an increase in the per-unit cost of production in the industry. b. not affect per-unit costs but will affect demand conditions. c. generally increase the social efficiency of production. d. cause the industry demand curve to increase (shift to the right).