Double markup problems arise because
a. upstream firms have no market power
b. downstream firms have no market power
c. upstream and downstream products are unrelated in demand
d. upstream and downstream firm's pricing decisions tend to decrease the demand for the other product
d
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The single most important contributor to China's economic growth has been ________
A) government-directed credit to key economic sectors B) strong demand for China's exports C) rapid improvements in worker productivity D) a substantial increase in the utilization of labor and capital inputs
Identify the correct statement
a. District banks of the Fed hold reserves in the form of deposits at the Fed. b. Commercial banks in each district make loans to the Fed. c. The Fed sells U.S. government securities for the U.S. Treasury. d. The district banks of the Fed print money and supply currency to the Fed. e. The Fed holds the reserves of the commercial banks but it does not issues checks.