Which of the following acts prohibited predatory pricing?
a. Robinson-Patman Act
b. Tunney Act
c. Clayton Act
d. Sherman Act
a
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
If the money price of hats rises and no other prices change, the I. relative price of a hat rises. II. opportunity cost of a hat rises
A) only I B) both I and II C) only II D) neither I nor II
What type of relationship does the real interest rate have with respect to Investment spending?
A. negative relationship B. positive relationship C. No relationship D. constant relationship
In the United States, the marginal tax rate on individual federal income tax
a. decreases as income increases. b. increases as income increases. c. is constant at all income levels. d. applies only to payroll taxes.