If nominal GDP is declining, it is necessarily true that Real GDP is also declining

If an industry consists of five firms each with a 20% market share, then the Herfindahl-Hirschman index would equal 1,600

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

A person who opposes the deliberate use of fiscal and monetary policies is called a(n)

A) Keynesian. B) fiscalist. C) nonactivist. D) activist.