A spending shock is a change in spending that ultimately affects the entire economy

a. True
b. False

A

Economics

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In a price-fixing agreement amongst two oligopolists, each seller's best strategy would be to maintain the agreement, as it would leave both of them better off

Indicate whether the statement is true or false

Economics

If the government removes a binding price floor from a market, then the price received by sellers will

a. decrease, and the quantity exchanged in the market will decrease. b. decrease, and the quantity exchanged in the market will increase. c. increase, and the quantity exchanged in the market will decrease. d. increase, and the quantity exchanged in the market will increase.

Economics