Assume the managers of the two major firms in an industry agree to set the price of their output at a fixed level so as to discourage new entrants into the market. This would be considered a violation of the:

If someone who was working full time is now only working part time, this change in status will cause the unemployment rate to

A) increase. B) decrease. C) remain unchanged. D) It depends on how many hours this person is now working each week.

Financial institutions that cut back on their lending are engaged in ________

A) liability management B) deleveraging C) financial innovation D) torsion control