Price and concentration ratios are inversely related

The real output of the economy under conditions of full employment

A) is long-run aggregate demand. B) is long-run aggregate supply. C) happens only when there is no inflation. D) is determined by the real-balance effect.

During an election year, the federal government would mostly likely increase _____

a. tax rates b. interest rates c. the discount rate charged to commercial banks d. the minimum reserve requirement of commercial banks e. government purchases of goods and services