As an Apparent Result of Airline Deregulation

question 57

Multiple Choice

As an apparent result of airline deregulation,

• A)many small communities have been left without airline service.
• B)the wages and benefits of airline workers have been reduced.
• C)air fares have risen more quickly than they probably would have under continued regulation.
• D)small commuter airlines have almost vanished.

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Definitions:

Money Supply

The total fiscal assets present in an economy at a specific moment.

Long-Run Aggregate Supply

Represents the total output an economy can produce when both capital and labor resources are fully employed at their highest productivity levels.

Money Supply

The sum of all financial assets, such as cash, coins, and the amounts in checking and savings accounts, present in an economy at a given time.

Expected Price Level

The anticipated average price of goods and services in an economy over a future period.