Which of the following is NOT a quantity-setting oligopoly model?
A. Bertrand
B. Cournot
C. Stackelberg
D. All of the choices are quantity-setting models.
Answer: A
Economics
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The period during which real output falls during a business cycle is called:
a. peak. b. recession. c. recovery. d. trough.
Economics
Major increases in oil prices in the mid-1970s and in the late 1970s created:
A. beneficial aggregate demand shocks. B. adverse aggregate supply shocks. C. an increase in long-run aggregate supply. D. a reduction in the unemployment rate.
Economics