Supply-siders' policy recommendations include:
a. lower tax rates, spending cuts, and increased government regulation.
b. lower tax rates, lower resource prices, and decreased government regulation.
c. lower tax rates, spending increases, and decreased government regulation.
d. lower tax rates, spending increases, and increased government regulation.
e. higher tax rates, spending cuts, and decreased government regulation.
b
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If the four-firm concentration ratio for an industry equals 100 percent, then definitely
A) the Herfindahl-Hirschman Index (HHI) equals 10,000. B) the industry is a monopoly. C) a small number of firms are in the industry. D) there are no barriers to entry into the industry.
The MP curve may be used to represent how ________
A) movements of the inflation rate are determined by the real interest rate B) monetary policy responds to changes in the real interest rate C) movements of the real interest rate are related to the inflation rate D) all of the above E) none of the above