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Author Question: The joining of firms that are producing or selling a similar product is known as A) a ... (Read 68 times)

penguins

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on: Jun 29, 2018
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.


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juwms

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


penguins

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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