Author Question: A key difference between recessions and depressions is that recessions are: a. longer than ... (Read 97 times)

Garrulous · **on:** Jun 30, 2018

A key difference between recessions and depressions is that recessions are:
a. longer than depressions.
b. more severe than depressions.
c. accompanied by price increases, while depressions are accompanied by price decreases.
d. shorter and less severe than depressions.
e. accompanied by price decreases, while depressions are accompanied by price increases.

Question 2

Nonprice competition, price leadership, and cartels are models in the ____ market structure(s).
a. perfectly competitive
b. monopolistically competitive
c. oligopoly
d. monopoly
e. perfectly competitive and monopolistically competitive