Because there is no formal agreement among the participating firms, firms that engage in tacit collusion are exempt from prosecution under the anti-trust laws

Keynesians and monetarists share the belief that

a. recessions are caused by falls in aggregate demand. b. the demand for money is stable. c. excess demand is a chronic problem in modern economies. d. the Federal Reserve is responsible for most recessions. e. stabilization policy is beneficial.

Special districts _____ the number of governments and generally _____ intergovernmental competition

a. increase; increase b. decrease; decrease c. increase; decrease d. decrease; increase