Which nations make up the G8?
What will be an ideal response?
Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, the United States
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Explain the separate effects of each event on U.S. real GDP and the price level, starting from a position of long-run equilibrium
What will be an ideal response?
Government controls over industry
(a) limit overall net industrial growth. (b) help all industries. (c) lower consumer costs in the industries assisted by government. (d) encourage the destruction of inefficient and lagging industries.
Capital gains are
A. treated exactly like other sources of income. B. taxed differently than other sources of income. C. generally not associated with a "lock-in effect." D. only realized at death.
Which U.S. government agencies handle antitrust matters?
a. the Department of Justice and Congress b. the Federal Trade Commission and Congress c. the Federal Trade Commission and the Securities and Exchange Commission d. the Department of Justice and the Council of Economic Advisors e. the Department of Justice and the Federal Trade Commission