An industry with only three large equally-sized firms would have the same four firm concentration ratio but a higher Herfindahl-Hirshman Index compared to an industry with only four equally sized firms

If strong fiscal policy stimulus is used to combat a recessionary gap, what will happen?

a. a rapid movement toward lower unemployment and higher inflation b. a rapid movement toward lower unemployment and lower inflation c. a slow movement toward lower unemployment and higher inflation d. a slow movement toward lower unemployment and lower inflation.

Which of the following groups would most likely benefit from a law that is extremely tough on those who drink and drive?

a. truck drivers b. taxi drivers c. bartenders d. doctors and nurses