Refer to Figure 15.7. Suppose the Federal Reserve buys bonds in the open market. The money supply will ________ and cause a shift from point ________.

Population growth is similar to depreciation, in that ________

A) each lowers the capital-labor ratio B) each tends to encourage saving C) capital wears out faster when used by more workers D) each helps to explain how economies can sustain a positive growth rate of output

If there were five firms in an industry each with a 20% market share, what would the Herfindahl-Hirschman Index equal?

a. 80% b. 800 c. 1,600 d. 2,000