In the long run, an increase in the quantity of money, other things remaining the same,
A) decreases the price level.
B) increases real GDP.
C) increases the price level.
D) decreases real GDP.
E) has no effect on the price level or real GDP.
C
Economics
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A game in which players as a group lose at the end of the game is referred to as
A) zero-sum game. B) negative-sum game. C) positive-sum game. D) tit-for-tat game.
Economics
There are six firms in the cresset industry. The market shares of the four largest firms are 50 percent, 20 percent, 10 percent, and 7 percent. The Herfindahl index is
a. 87 b. 4,149 c. 10,000 d. 3,081 e. impossible to calculate because data for the fifth and sixth firms are not given
Economics