According to the partisan party model,
a. the primary emphasis of the liberal party is on full employment and income distribution.
b. the liberal party stresses price stability as their most important goal.
c. employment stability is most important to the conservative party.
d. only two parties exist.
e. Both a and d.
E
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If average variable costs increase as output increases, then
A) total fixed cost must be increasing also. B) marginal cost must be greater than average variable cost. C) total cost must be constant. D) output must be zero. E) average total cost must be increasing also.
A(n) ________ in the riskiness of corporate bonds will ________ the price of corporate bonds and ________ the yield on corporate bonds, all else equal
A) increase; increase; increase B) increase; decrease; increase C) decrease; increase; increase D) decrease; decrease;decrease
An industry consists of three firms with equal annual sales. What is the industry's HHI?
A. 10,000 B. 2,000 C. 3,300 D. There is not sufficient information to compute the industry HHI.
From 1948 to 2011, the average unemployment rate in the United States was approximately
A) 9.6 percent. B) 24.4 percent. C) 5.8 percent. D) 12.0 percent. E) 3.1 percent.