In an oligopoly
A) there are only a few firms.
B) there is no product differentiation.
C) there is free entry and exit.
D) firms' decisions are unrelated to each other.
A
Economics
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When policy makers base their actions on a rule there is
A) rationalization policy making. B) passive policy making. C) rational expectations policy making. D) active policy making.
Economics
In the coordination failure model, how is a particular equilibrium attained?
A) The Federal Reserve picks it. B) It depends on total factor productivity shocks. C) It depends on money supply shocks. D) because people expect it to be the equilibrium.
Economics