The Court will block proposed horizontal and vertical mergers when
a. there are many firms in the market
b. economies of scale exist
c. junk bonds are involved
d. the stock market is doing poorly
e. high market concentration already exists
E
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In perfect competition, all the following situations arise except ________
A. firms produce an identical good or service B. each firm chooses the price at which to sell the good it produces C. firms can sell any quantity they choose to produce at the market price D. buyers know each seller's price
The steeper the short-run aggregate supply curve, _____
a. the smaller the impact of a shift in aggregate demand on equilibrium output b. the larger the value of the spending multiplier c. the larger the impact of a shift in aggregate demand on equilibrium output d. the smaller the change in government spending needed to achieve the desired change in equilibrium output e. the flatter the aggregate demand curve
Which is not an example of M1 money?
a. currency b. a mutual fund c. travelers' checks d. a checking account
The national debt
A) The year-end national debt is equal to the debt at the beginning of the year plus the deficit.. B) Grew substantially during the 2007-2009 recession. C) Is equal to total public and private debt. D) All of the above.