The Clayton Act of 1914:
A. outlawed price discrimination, tying contracts, acquisition of stocks of competing
corporations, and interlocking directorates that lessen competition.
B. prohibited unfair or deceptive acts or practices in commerce that tend to reduce
competition.
C. outlawed vertical and conglomerate mergers.
D. prohibited one firm from acquiring the assets of another when the effect was to limit
competition.
Answer: A
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Fiscal policy is defined as
A) the discretionary changing of government expenditures and/or taxes to achieve national economic goals. B) the design of a tax system to transfer income from the rich to the poor. C) the use of the taxing power of the government to redistribute wealth in a socially acceptable manner. D) the use of Congressional power to pursue social and political goals.
Which of the following would have the biggest payoff?
A) increasing the Okun Gap B) restoring real GDP growth to its 1960s growth rate C) making the Okun Gap equal the Lucas Wedge D) eliminating the Okun Gap E) increasing the Lucas Wedge
The demand for loanable funds is downward sloping because the ________ the interest rate, the ________ the number of profitable investment projects a firm can undertake, and the ________ the quantity demanded of loanable funds
A) greater; greater; greater B) lower; greater; greater C) greater; smaller; greater D) lower; smaller; greater
Suppose a bank has $3 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?
a. $10 million b. $300 million c. $40 million d. $100 million e. $70 million