Refer to the data. The industry characterized by the information is:
A. an oligopoly.
B. a monopolistically competitive industry.
C. a purely competitive industry.
D. a pure monopoly.
A. an oligopoly.
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Which of the following would not violate the Sherman Antitrust Act if the rule of reason was used to interpret the act?
a. conspiring to monopolize b. formation of a trust company c. conspiring to restrain trade d. a single firm supplying all of a market with no close substitutes and some barriers to entry e. attempting to restrain trade with a foreign nation
The presence of discouraged workers may cause:
a. the employment rate to be overstated. b. the employment rate to be understated. c. the unemployment rate to be overstated. d. the unemployment rate to be understated. e. GDP to be too large.
A reserve requirement of 10 percent means a money multiplier of: a. 1
b. 9. c. 10. d. 11.1.
The policy mix of a contractionary monetary policy and a contractionary fiscal policy will, unambiguously, lead to a decrease in the interest rate.
a. true b. false