Just after a cyclical trough, given the excess capacity in the economy, there should be an unusually ________ rate of closing the gap between desired and actual capital stocks, making net investment respond relatively ________ to rising sales
A) high, strongly
B) high, weakly
C) low, strongly
D) low, weakly
A
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Which of the following statements about the Sherman Act is CORRECT?
A) The Sherman Act was the second federal antitrust law. B) The Sherman act legalized monopolization if the company behaved "reasonably" once it became a monopoly. C) The Sherman Act outlawed natural monopolies. D) The Sherman Act made restriction of interstate trade illegal.
Use the classical (RBC) IS—LM—FE model to show the effects on the economy of a temporary adverse supply shock; for example, an increase in the price of oil
You should show the impact on the real wage, employment, output, the real interest rate, consumption, investment, and the price level.
All of the following are true regarding the Foreign Corrupt Practices Act (FCPA) except which one?
A) Nearly all aspects of the FCPA are harsher than the U.K. Bribery Act. B) The FCPA applies to any company that is organized under the laws of the United States. C) The FCPA applies to any company whose stock is publically traded in the United States. D) It is a United States anti-corruption law prohibiting bribery of foreign officials.
In response to changing inventories in Figure 9.8, if the economy produces at full employment of $400 billion, firms will attempt to
A. Increase employment and buy more machinery. B. Increase employment and buy less machinery. C. Reduce employment and buy less machinery. D. Reduce employment and buy more machinery.