What do all expansions and recessions since 1950 have in common?
a. Changes in oil prices.
b. Changes in interest rates.
c. Changes in spending.
d. Changes in productivity.
e. None of the above.
C
Economics
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An inflationary gap will exist when
a. aggregate demand grows more slowly than aggregate supply. b. there is downward pressure on prices. c. expenditures are not equal to aggregate demand. d. equilibrium GDP is greater than full employment GDP.
Economics
Each of the following is a determinant of market power but which is the critical determinant of market power?
A. The availability of substitute goods. B. The extent of barriers to entry. C. The number of producers. D. The size of each firm.
Economics