In a cartel, firms jointly act as
A) a monopolistic competitive firm.
B) a perfectly competitive firm.
C) a monopoly firm.
D) an oligopolistic firm.
C
Economics
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If the Fed orders an expansionary monetary policy, describe what will happen to the following variables relative to what would have happened without the policy:
a. The money supply b. Interest rates c. Investment d. Consumption e. Net Exports f. The aggregate demand curve g. Real GDP h. The price level
Economics
An increase in consumption and a decrease in labor supply would result from
A. a decrease in government spending. B. an increase in transfer payments. C. an increase in tax rates. D. a decrease in transfer payments.
Economics