One of the reasons fewer antitrust cases have been brought before the courts is:
A. union workers have gained more power.
B. antitrust laws have been preemptively effective.
C. foreign goods comprise a larger share of goods purchased.
D. the market is more competitive.
Answer: B
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Which of the following is a likely outcome of rent ceilings?
A) a surplus of rent-controlled housing B) waiting lists of potential renters of rent-controlled housing C) construction of more rental housing D) black market rents below the ceiling rent
Lifetime income is distributed
A) less equally than annual income and less equally than measured wealth. B) less equally than annual income and more equally than measured wealth. C) more equally than annual income and less equally than measured wealth. D) more equally than annual income and more equally than measured wealth.
Ceteris paribus, a decrease in the U.S. price level will cause
a. an increase in U.S. exports. b. an increase in U.S. imports. c. the aggregate demand curve to shift to the right. d. the aggregate demand curve to shift to the left.
After a shift in the aggregate demand curve, which variable adjusts to restore general equilibrium?
A. Consumption spending B. Price level C. Investment spending D. Real interest rate