Which industry would be the best example of an oligopoly?
A. Retail clothing
B. Fast food
C. Electricity
D. Steel
Answer: D
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Dynamic open market operations
A) are aimed at achieving changes in monetary policy. B) are used much more frequently than defensive open market transactions. C) are used to offset disturbances to the monetary base. D) make it easy to deduce the Fed's intentions for monetary policy.
Keynesian economists link the start of the Great Depression to the drop in construction spending and the downturn in consumption following the stock market crashes of 1929
Indicate whether the statement is true or false
Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward
a. True b. False Indicate whether the statement is true or false
Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago. The fact that such items were not put to productive use was caused primarily by a lack of ____.
A. available financial capital B. incentives for entrepreneurship C. an adequate price system D. ingenuity