Structuralists take the position that:
A. the rule of reason is appropriate and desirable in interpreting the Sherman Act.
B. only unreasonable anticompetitive acts should be regarded as violations of the antitrust
laws.
C. industries should be judged on the basis of their technological progress and their price-
output behavior.
D. an industry that is highly concentrated will behave monopolistically.
Answer: D
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Refer to the figure below. If the Federal Reserve wants to lower the interest rate to 3%, it must ________ the money supply to ________. 
A. decrease; 300 B. increase; 900 C. increase; 700 D. increase; 300
In Figure 33.4, what is the burden of the tax on employers?
A. The wage increase of W5 - W2. B. The wage increase of W5 - W3. C. The wage increase of W5 - W1. D. The wage increase of W3 - W2.
If a technological advance makes it possible to produce computers at a lower cost:
A. the demand for computers increases. B. the demand for computers decreases. C. the supply of computers increases. D. the supply of computers decreases.
Expansionary fiscal policy fails to achieve the government's national economic goals. Some economists claim it is due to indirect crowding out. What evidence would be consistent with this claim?
A. The price level decreased. B. The interest rate increased. C. Saving decreased. D. An increase in consumer spending occurred.