One of the great strengths of the market system is the way it acts as an engine of economic growth and innovation
a. True
b. False
Indicate whether the statement is true or false
True
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In the classical model, an increase in the unemployment rate
A) will result in an increase in the price level if the reduction in output is caused by a change in aggregate demand. B) will likely be temporary. C) is a signal of demand-pull inflation. D) will persist when the reduction in output is caused by a reduction in aggregate demand.
Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits a dominant firm from doing all of the following except which one?
A) placing trading partners at a competitive disadvantage by practicing price discrimination B) charging an unfair price C) limiting or controlling production in markets through market division D) buying at a price that is unfairly low