Oligopolies can result from any of the following EXCEPT

A) economies of scale.
B) vertical mergers.
C) government regulation.
D) diseconomies of scale.

Answer: D

Economics

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According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. The U.S. government is continually adding security features to its paper currency to help make counterfeit money easier to detect

If counterfeit currency remained undetected, a vast increase in the supply of counterfeit U.S. currency would A) lower the nominal income of the average U.S. worker. B) decrease aggregate demand in the short run. C) lead to inflation. D) reduce the amount of M1.

Economics

A period of very high and accelerating inflation is known as

A) deflation. B) disinflation. C) hyperinflation. D) nuclear inflation.

Economics