A(n) ________ is a government policy that outlaws attempts to monopolize, or cartelize, markets in which competition is desirable
a. social regulation.
b. economic regulation.
c. antitrust policy.
d. deregulation.
c
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The existence of automatic stabilizers will
A) cause the effects of shocks to aggregate demand to have a larger effect on GDP. B) reduce the recognition lag of discretionary fiscal policy. C) eliminate recessions. D) reduce the size of recessionary and inflationary gaps.
In the above table, the opportunity cost of the 2nd pizza is
A) 0 cases of soda per pizza. B) 15 cases of soda per pizza. C) 95 cases of soda per pizza. D) 80 cases of soda per pizza.
Wearing a suit to a job interview is an example of a:
A. positive signal. B. negative signal. C. positive screen. D. negative screen.
Typically, marginal utility is higher when a person consumes less of a good
a. True b. False Indicate whether the statement is true or false