Unemployment compensation payments:
a. rise during a recession and thus reduce the severity of the recession.
b. rise during a recession and thus increase the severity of the recession.
c. rise during inflationary episodes and thus reduce the severity of the inflation.
d. fall during a recession and thus increase the severity of the recession.
a
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The success of a predatory pricing strategy in an oligopolistic market depends on all of the following except:
A) the number of firms operating in the industry prior to enactment of the policy. B) how far the predatory price is below cost. C) the period of time for which the predatory price is in effect. D) the length of time over which recoupment of profits occurs.
The Cold War, or "war on communism,"
a. was the most expensive war of the twentieth century. b. is believed to have caused an increase in defense spending that came at the expense of private consumption rather than private investment. c. is believed to have caused an increase in defense spending that came at the expense of private investment rather than private consumption. d. Both a and b are correct. e. Both a and c are correct.