The purchase of Michelin Tire Company by General Motors is an example of a vertical merger
a. True
b. False
Indicate whether the statement is true or false
True
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When the government prints more money to finance debt, it is actually creating a situation that could result in
A) lowering foreign spending. B) inflation. C) increasing domestic spending. D) devaluing of the dollar in markets.
When prices rise, what happens to income?
a. It goes down. b. It buys less. c. It rises to meet prices. d. It is used to buy different things.
Exhibit 5-5 Demand curve for computers
?
In Exhibit 5-5, the change in total revenue resulting from a change in price from A to D indicates that the demand curve is:
A. elastic. B. inelastic. C. unitary elastic. D. nonelastic.
A decrease in inflationary expectations that causes firms to decrease their prices shifts the
A. aggregate supply curve to the left. B. aggregate demand curve to the left. C. aggregate demand curve to the right. D. aggregate supply curve to the right.