Whenever any firms in a concentrated industry merge, the Herfindahl-Hirschman Index:
a. will rise

b. may rise or stay the same.
c. may rise or fall.
d. will fall.

a

Economics

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Suppose a bank has $300,000 in deposits, a reserve ratio of 5 percent, and bank reserves of $45,000. This bank can make new loans in the amount of

A) $345,000. B) $45,000. C) $30,000. D) $15,000.

Economics

The value of currently produced final goods and services measured in constant prices is called:

A) real GDP. B) nominal GDP. C) imputed values. D) inflation.

Economics