Which of the following statements is true?
A. There was a great deal of stagflation in the 1930s.
B. The inflation rate fell during the Eisenhower Administration, but rose during the Reagan years.
C. Output in the United States fell by about one-third between 1929 and 1933.
D. The Medicare and Medicaid programs were inaugurated during the New Deal.
C. Output in the United States fell by about one-third between 1929 and 1933.
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Assume foreign beer is a normal good. If the incomes of demanders increase,
A) demand for foreign beer will increase. B) the quantity supplied of foreign beer will increase. C) the price of foreign beer will increase. D) all of the above will occur. E) none of the above will occur.
A merger between two firms that have a supplier-purchaser relationship is:
a. horizontal. b. vertical. c. conglomerate. d. illegal. e. inefficient.