The GDP gap tends to increase when the economy shifts into recession
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The real-world money multiplier is greater than the simple money multiplier (1/RR)
Indicate whether the statement is true or false
Economics
Which of the following conditions can help prolong the life of a cartel?
A) There are only a few firms in the market and they all belong to the cartel. B) There are many firms in the market that are not members of the cartel. C) It is difficult to know what price any cartel member is actually charging. D) The cartel has no ability to punish members who cheat on the cartel.
Economics