During the stock market boom of the late 1920s stock prices ______
a. rose at about the same rate as dividends
b. rose faster than dividends
c. rose more slowly than dividends
d. there is, surprisingly, not enough information to know what happened to pricesrelative to dividends
b. rose faster than dividends
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The government deficit is equal to
A) new money created minus new borrowing from the public. B) new borrowing from the public plus new money created. C) new borrowing from the public divided by new money created. D) new borrowing from the public minus new money created.
In monopolistic competition, in the long run firms have
A) a capacity shortage. B) excess capacity. C) an economic profit. D) an economic loss.
Use the above table. If firms 3 and 4 merge, the four-firm concentration ratio will
A. increase from 60 percent to 75 percent. B. decrease from 75 percent to 60 percent. C. increase from 75 percent to 80 percent. D. not change.
A household consists of only related family members like a father, mother, and children and not unrelated members like two students sharing a rented apartment
a. True b. False Indicate whether the statement is true or false