Oligopolists almost always cooperate in making price and output decisions.
Answer the following statement true (T) or false (F)
False
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A borrowed reserves target is ________ because increases in income ________ interest rates and discount loans, causing the Fed to ________ the monetary base, everything else held constant
A) procyclical; increase; increase B) countercyclical; increase; increase C) procyclical; reduce; reduce D) countercyclical; reduce; reduce
Which of the following is likely to have the widest bid-asked spread?
A) A U.S Treasury bill B) A U.S. Treasury note C) A U.S. Treasury bond D) A municipal bond
In an open economy, gross domestic product equals $1,970 billion, government expenditure equals $300 billion, investment equals $500 billion, and net capital outflow equals $280 billion. What is consumption expenditure?
a. $280 billion b. $780 billion c. $890 billion d. $1,170 billion
When productive activities are organized according to the principle of the division of labor
A) scarcity is eliminated. B) we do not devote enough resources for capital investment. C) total output increases due to the advantages of specialization. D) an inefficient outcome results.