The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the:
a. U.S. Steel case.
b. Brown Shoe case.
c. Von's Grocery case.
d. ALCOA case.
e. Pabst Brewing case.
a
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The expenditure multiplier is smallest when the
A) LM curve is positively sloped. B) LM curve is horizontal. C) IS curve is vertical. D) LM curve is vertical.
The endogenous variable in the aggregate demand curve is ________
A) the real interest rate B) output C) inflation D) planned expenditure E) none of the above
One of the reasons why firms pollute air and water is that
a. air and water are often not priced. b. managers desire to pollute. c. air and water have no value to society. d. managers are profit maximizers.
If the President and Congress agree to balance the budget during a recession, then the appropriate monetary policy is
A. no change from the current policy. B. reduce the growth of the money supply. C. constant growth of the money supply. D. increase the growth of the money supply.