The government used the Herfindahl-Hirschman index to determine if a proposed merger will lead to excessive concentration
a. True
b. False
Indicate whether the statement is true or false
True
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During the antebellum period, U.S. consumers increased their demand for mass-produced, standardized and simple goods
Indicate whether the statement is true or false
Changes in business inventories are known as
A) consumer durable. B) consumption goods. C) fixed investment. D) inventory investment.
The major difference between the Keynesian approach and the monetarist approach is that
a. Keynesian analysis explains an equilibrium condition and monetarism does not. b. in Keynesian analysis, money affects the economy by first affecting interest rates; monetarist analysis is not limited to working through interest rates. c. monetarism explains an equilibrium condition and Keynesian analysis does not. d. there are no differences.
Increases in the total real output of any LDCs do not increase the nation's standard of living because
A. the proceeds must be used to repay foreign lenders. B. population increases may dissipate the increase in real output. C. disguised unemployment in agriculture will persist. D. surplus farm labor may move from rural areas to industrial areas and thereby cause unemployment.