A legal monopoly is defined as a market where
A) only one lawyer operates.
B) a legal barrier to entry exists.
C) only one firm could earn a profit.
D) entry and exit are legal.
B
Economics
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A decrease in the reserve requirement would:
A) decrease excess reserves and reflect an expansionary monetary policy. B) decrease excess reserves and reflect a contractionary monetary policy. C) increase excess reserves and reflect an expansionary monetary policy. D) increase excess reserves and reflect a contractionary monetary policy.
Economics
The Phillips curve shows the relationship between the rate of inflation and the rate of growth of real GDP
a. True b. False Indicate whether the statement is true or false
Economics