A price-and-quantity-fixing agreement is known as

In the simple Keynesian model which has no taxes and a saving function which is in the form S = -80 + .20Y, a $200 increase in desired investment leads to an increase in equilibrium income of

A) $40. B) $100. C) $400. D) $1000.

By forming a cartel the member firms can actually raise their profits

a. True b. False Indicate whether the statement is true or false