Economic fluctuations:
a. are linked, but not perfectly synchronized, across countries.
b. are perfectly synchronized across countries.
c. in one country are independent of fluctuations in other countries.
d. in the United States always occur after fluctuations in other developed economies.
e. in the United States usually occur before fluctuations in other developed economies.
Question 2
An oligopolist operating with a kinked demand curve would expect rivals to match its price:
a. increases.
b. decreases.
c. both a and b.
d. neither a nor b.
