The government has used the Sherman Act to break up monopolies in which of the following industries?
A. Tobacco
B. Fishing
C. Trucking
D. Coal
A. Tobacco
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John Maynard Keynes ________
A) questioned the classical view that economies move quickly to their long run equilibrium levels B) advocated focusing on short run fluctuations C) carved out macroeconomics as a distinct field in the 1930s D) all of the above E) none of the above
In general, if the Fed increases its target for the federal funds rate,
A) short-term nominal interest rates will increase and long-term nominal interest rates will not change. B) short-term nominal interest rates will not change and long-term nominal interest rates increase. C) short-term nominal interest rates will increase and long-term nominal interest rates will also increase. D) short-term nominal interest rates will not change and long-term nominal interest rates will also not change.
A > B means:
A. bundle A is equally preferred to bundle B. B. bundle A is not preferred to bundle B. C. bundle A is preferred to bundle B. D. bundle A is greater than bundle B.
________ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business.
A. Voracious dumping B. Ravaging dumping C. Predatory dumping D. Deliberate dumping