Which of the following is NOT exempt from antitrust laws?
A) professional baseball
B) labor unions
C) airlines
D) public transit systems
Answer: C
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Answer the next question based on the following data. All figures are in billions of dollars.Gross investment$18National income100Net exports2Personal income85Personal consumption expenditures70Saving5Government purchases20Net domestic product105Statistical discrepancy0The gross domestic product for the above economy is ________.
A. $107 B. $95 C. $110 D. $100
If the government were to reduce its spending, it would be enacting:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. a budgetary crisis intervention. D. expansionary budgetary policy.
Last year the imaginary nation of Panglossia had real GDP of 400 billion. This year it had real GDP of 472.5 billion. Which of the following changes in population is consistent with a 5 percent growth rate of real GDP per person over the last year?
a. The population decreased from 75 million to 72 million. b. The population decreased from 60 million to 50 million. c. The population increased from 70 million to 80 million. d. The population increased from 80 million to 90 million.
A decrease in the interest rate due to an increase in the supply of loanable funds is referred to as the __________ effect
A) expectations B) liquidity C) income D) a and c E) a, b and c