For the economy as a whole,
a. income must be greater than expenditure.
b. unemployment must rise when GDP rises.
c. expenditure must equal income.
d. consumption must be greater than investment.
c
Economics
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A firm charged with monopolizing a market is less likely to be convicted if:
A. the court accepts a broad definition of the market. B. the court accepts a narrow definition of the market. C. it has gained its monopoly through abusive means. D. it sells its product to other firms, rather than directly to consumers.
Economics
Stagflation occurs when
A) inflation rises and GDP rises. B) inflation falls and GDP rises. C) inflation rises and GDP falls. D) inflation falls and GDP falls.
Economics