The Clayton Act was passed, in part, to strengthen the Sherman Act.
Answer the following statement true (T) or false (F)
True
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A firm's marginal cost is $30, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is
A) less than $40,000. B) between $40,000 and $40,050. C) between $40,050 and $40,080. D) greater than $40,080.
In the coordination failure model, we mention sunspots because
A) they influence business cycles. B) apparently irrelevant events may influence business cycles. C) in central banker speak, they are synonymous with open market operations. D) seasonal sunshine has an impact on the business cycle.
An increase in demand and a decrease in supply will lead to an
A) unambiguous increases in both price and quantity. B) unambiguous decreases in both price and quantity. C) an unambiguous increase in quantity, but the effect on price is indeterminate. D) an unambiguous increase in price, but the effect on quantity is indeterminate.
When the Fed decreases the legal reserve requirement, then the
a. banks must reduce the amount of loans they make b. banks can increase the amount of loans they make c. banks must reduce the interest rate they charge on loans they make d. banks can increase the interest rate they charge on loans they make e. banks must reduce the federal funds rate they charge to other banks