Which of the following is always a characteristic of the oligopoly market structure?
a. Easy, low-cost entry and exit.
b. Few sellers.
c. All sellers produce identical products.
d. Many sellers, each small in size relative to the overall market.
b
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Which of the following policies would NOT affect the natural unemployment rate?
A) a reduction in minimum wages B) an increase in public-service employment C) an increase in subsidized private employment D) a reduction sales taxes
In response to a temporary change in total factor productivity, the adoption of capital controls under a fixed exchange rate
A) amplifies the effect of this disturbance on both domestic output and the domestic nominal money supply. B) amplifies the effect of this disturbance on domestic output and dampens the effect on the domestic nominal money supply. C) dampens the effect of this disturbance on domestic output and amplifies the effect on domestic nominal money supply. D) dampens the effect of this disturbance on both domestic output and the domestic nominal money supply.