29. An industry with only one dominant firm is known as a a. Monopolistically competitive market 5 perfectly competitive market C. oligopoly monopoly 30. Which of the following would most likely be true of a recessionary period? a. Increasing Unemployment, Decreasing GDP, High Inflation Increasing Unemployment, Increasing GDP, and Low Inflation/possible deflation Decreasing Unemployment, Decreasing GDP, and High Inflation Increasing Unemployment, Decreasing GDP, and Low Inflation/possible deflation 31. Which of the following should theoretically raise the money supply in the United States? a. Raising interest rates. b. Raising the required reserve ratio C. An increase in the discount rate. d. None of the above will. 32. "There is no such thing as a free lunch", is talking most directly about the concept of Taxes Opportunity Cost Diminishing Marginal Returns Free Riders 33. The rate of return on a bond is known as the a. maturity coupon rate principle investment 34. Which of the following is not a stock index a NASDAQ DOW JONES New York Stock Exchange S & P 500 35. The economic concept of utility attempts to measure a. the price of utilities, such as electricity and water b. the amount of satisfaction someone gains from something C. the degree to which a change in price affects the demand for a product d. how governments can influence the economy