The antitrust doctrine that the existence of a monopoly alone is not illegal unless the monopoly engages in illegal business practices is known as

Which of the following would decrease the unemployment rate?

A) government aid to retrain unemployed workers B) an increase in the efficiency wage C) an increase in the minimum wage D) an increase in labor union membership

The time it takes for policy makers to be sure of what the data are signaling about the future course of the economy is called

A) the data lag. B) the recognition lag. C) the legislative lag. D) the implementation lag. E) the effectiveness lag.

An establishment survey is used to calculate

A) the unemployment rate. B) the level of payroll employment. C) both the unemployment rate and the level of payroll employment. D) neither the unemployment rate nor the level of payroll employment.

If the United States experiences an economic boom, compared to other countries, how will this affect the value of the U.S. dollar?

a. It will fall because other nations would be forced to raise their interest rates. b. It will fall because the United States will import more goods and services, leading to an increased supply of dollars. c. It will rise because U.S. GDP would be rising faster than other countries. d. It will rise because the Fed will have to lower U.S. interest rates.