Use the above table. If firms 3 and 4 merge, the four-firm concentration ratio will
A) increase from 75 percent to 80 percent.
B) increase from 60 percent to 75 percent.
C) decrease from 75 percent to 60 percent.
D) not change.
A
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Suppose there was an unexpected increase in aggregate demand. We would expect to observe
A) frictional unemployment to increase. B) the duration of unemployment and the amount of unemployment to decrease. C) higher wages, with the duration of unemployment and the amount of unemployment unchanged. D) a decrease in aggregate demand.
M1 money includes all but which one of the following?
a. Checkable deposits. b. Savings accounts. c. Paper money. d. Coins.
The United States introduced investment tax credit in 1962 and has continued to offer it till date. This has reduced the volatility of investments in the country
a. True b. False Indicate whether the statement is true or false
Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower