When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline
B. increase; raise; decline
C. decline; lower; expand
D. decline; raise; decline
Answer: C
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The figure above shows the market for college education in the United States. The marginal external benefit associated with educating 14 million students is ________ per student per year
A) $16,000 B) $13,000 C) $11,000 D) $5,000 E) $7,000
A trend that has been reinforced by many developing countries is privatization. Privatization refers to
A) purchasing large companies and turning them into state-owned enterprises. B) investing government money in large, privately-owned companies. C) exchanging bonds for shares in state-owned enterprises. D) selling large state-owned enterprises to private owners in the financial sector. E) selling large state-owned enterprises to private owners in key areas such as electricity, telecommunications, or petroleum.
While most industrial categories have experienced a decline in the percentage of workers unionized, which one of the following categories has seen a significant increase in unionization?
a. retail trades b. the hotel and restaurant industry c. the government sector d. automobile manufacturing
Often antitrust enforcers
A. Cannot measure market concentration. B. Lack the resources to prosecute anticompetitive behavior. C. Prefer to break up companies that violate antitrust laws. D. Lack a legal structure to prosecute companies for monopoly behavior.