The legislation that prohibited "every contract … or conspiracy, in restraint of trade and commerce… " is the:
A. Federal Trade Commission Act
B. Clayton Act
C. Celler-Kefauver Act
D. Sherman Act
D. Sherman Act
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When an individual or firm in the United States requests that a bank sell foreign exchange, the bank will probably
A) call a foreign bank and arrange a purchase. B) call the central bank and arrange a purchase. C) call another bank customer with foreign exchange holdings. D) call another domestic bank and arrange a purchase. E) call a foreign exchange broker and arrange a purchase.
Assume the marginal propensity to consume (MPC) is 0.75 and the government cuts taxes by $250 billion. The aggregate demand curve will shift to the:
a. right by $1,000 billion. b. right by $750 billion. c. left by $1,000 billion. d. left by $750 billion.
If a good or service is sold in a competitive market free of government regulation, then the price of the good or service adjusts to balance supply and demand
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a bank's reserves?
A) currency held in the vaults of the bank B) demand deposits with other member banks C) U.S. Treasury bills D) U.S. Treasury bonds