Monetarists
A. argue for the use of discretionary monetary policy.
B. contend that government policies have reduced the stability of the economy.
C. believe a capitalistic economy is inherently unstable.
D. believe the markets in a capitalistic economy are largely noncompetitive.
B. contend that government policies have reduced the stability of the economy.
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Rent seeking is inefficient logrolling leads to a misallocation of resources
a. True b. False
The antitrust legislation that made it illegal for a firm to buy a competitor's voting stock was the
a. Sherman Antitrust Act b. Cellar-Kefauver Act c. FTC Act d. Robinson-Patman Act e. Clayton Act
_____________ is the utility derived from the payoff and the gamble itself
Fill in the blank(s) with the appropriate word(s).
In recent years, the demand for orange juice in the United States has fallen and the supply of orange juice has also fallen, with the decrease in supply being larger than the decrease in demand. In this situation, the equilibrium price of orange juice
will have ________ and the equilibrium quantity of orange juice will have ________. A) decreased; increased B) decreased; decreased C) increased; decreased D) increased; increased