In the real business cycle model, output and employment are
a. determined by real supply-side variables.
b. determined by supply and demand factors.
c. always at their natural rates.
d. both a and c.
e. None of the above
B
Economics
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Vertical restraints in a contract
A) are generally illegal in the U.S. B) usually benefit the firm that produces the raw inputs to the production process. C) are used in vertical mergers. D) can approximate the outcome of a vertical merger.
Economics
The income elasticity of demand for a good that is extremely necessary for the existence of its consumers is close to zero
a. True b. False Indicate whether the statement is true or false
Economics