The Sherman Antitrust Act:
A. no longer applies to business practices today.
B. was passed in 1800.
C. was actively used by President Roosevelt in the early 20th century.
D. All of these statements are true.
C. was actively used by President Roosevelt in the early 20th century.
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Velocity is V, the quantity of money is M, the price level is P, and real GDP is Y. Which of the following formulas is correct?
A) Y = (P × M) ÷ V B) Y = V × M C) Y = (P + M) - V D) V = (P + Y) × M E) V = (P × Y) ÷ M
The beginning of the formal budget process is signified by:
a. in the form of the Economic Report of the President b. in a report followed shortly by the Economic Report of the President. c. at the beginning of the fiscal year. d. in a report that should be voted up or down within 60 days. e. in a report that requires a two-thirds vote for ratification.
The majority of federal taxes are levied on ______,
a. property b. income c. usage d. sales
Referring to Figure 1.9, if a point is attainable, it is in 
A. AREA #2 but not on the curve. B. AREA #1 or is on the curve. C. AREA #1 but not on the curve. D. AREA #2 or is on the curve.