Union membership was relatively low during the Great Depression

The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of ____

a. market concentration b. income distribution c. technological progressiveness d. price discrimination e. none of the above

Answer the following statements true (T) or false (F)

1. The average expected rate of return on an asset can be fully understood as the rate that compensates for risk. 2. The Security Market Line is a straight line that plots how the average expected rates of return on assets and portfolios in an economy vary with their respective levels of nondiversifiable risk as measured by beta. 3. When the Securities Market Line shifts up, the average expected rate of return on investment assets with given risk levels is increasing. 4. The decision of the Federal Reserve to reduce the short-term interest rate will shift the Security Market Line upward.