What is a perfectly contestable market?
What will be an ideal response?
A perfectly contestable market is a market in which entry and exit are costless.
Economics
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How has the distribution of income in the United States changed over the last 20 years?
(A) It has become more equal. (B) It has become less equal. (C) It has not changed appreciably. (D) It became more equal for about 10 years but has become less equal.
Economics
Answer the following questions true (T) or false (F)
1. The Federal Reserve System is comprised of the Board of Governors in Washington, D.C. and ten district banks located throughout the country. 2. The current Chair of the Board of governors is Paul Volker. 3. Business cycles reflect periods of recession and contraction.
Economics