Price fixing is an arrangement whereby firms agree to:
A. set price equal to marginal revenue.
B. set price equal to marginal cost.
C. set price equal to average total cost.
D. coordinate their pricing decisions.
Answer: D
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Changes in the federal funds rate usually result in
A) changes in both short-term and long-term interest rates with more of an effect on short-term interest rates. B) changes in both short-term and long-term interest rates with equal effect on both. C) changes in both short-term and long-term interest rates with more of an effect on long-term interest rates. D) no change in either short-term or long-term interest rates.
The price of a stock will decrease, ceteris paribus, when
A. People move money out of the bond market and look for other options. B. Terrorists cause people to be fearful. C. Congress makes sound budget decisions. D. Future earnings expectations increase.
the multiplier effect
What will be an ideal response?
It is necessary to ration a good whenever ________ exists.
A. a surplus B. excess supply C. excess demand D. market equilibrium