The joining of firms that are producing or selling a similar ...

[penguins]

The joining of firms that are producing or selling a similar product is known as
 
  A) a conglomerate merger.
  B) a horizontal merger.
  C) a vertical merger.
  D) economies to scale.

Question 2

Suppose the economy is initially operating at full employment. A reduction in the size of the budget deficit will cause which of the following in the short run?
 
  A) a recessionary gap.
  B) an increase the price level and a reduction in real GDP.
  C) an increase in the price level with no change in real GDP.
  D) an increase in real GDP and an increase in the price level.

[juwms]

Answer to Question 1

B

Answer to Question 2

A

[penguins]

Excellent

[yeungji]

Gracias!