If a market is shared equally by 200 firms the Herfindahl-Hirschman Index is
A) 12.5.
B) 25.
C) 50.
D) 200.
C
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When a budget deficit occurs in the United States, the U.S. Treasury finances this deficit by
A) borrowing. B) imposing a moratorium of new government spending. C) increasing the tax rate. D) printing more dollars.
Aggregate demand's downward-sloping character reflects three principal influences as shown in which of the following?
a. People's desire to maintain real wealth holdings, the interest rate, and international trade. b. People's desire to increase the price level, the interest rate, and the economic growth effect. c. The interest rate, the economic growth effect, and international trade. d. Cost-pull inflation, demand-pull inflation, and the need to maintain real wealth holdings. e. Recession phases of the business cycle, upturns, and downturns.