Consumption spending will ________ when disposable income ________
A) increase; decreases B) decrease; increases
C) change unpredictably; decreases D) increase; increases
D
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What is the total profit to the monopolist from selling the goods separately?
a. $4,500 b. $6,300 c. $7,000 d. $6,200
If the economy were left on its own without the interference of government or the Fed, it would move toward an equilibrium rate of growth that would produce, with only minor interruptions, full employment without inflation. What school supports this view?
a. classical b. Keynesian c. monetarism d. supply-side e. neo-Keynesian
The unemployment rate is equal to
a. the number unemployed divided by the labor force. b. the number unemployed divided by the population. c. the number unemployed divided by the number employed. d. the labor force divided by the population.
The first important federal law passed to regulate monopolies in the United States was the
A) Cellar-Kefauver Act. B) Clayton Act. C) Federal Trade Commission Act. D) Sherman Act.