The ceiling on the interest rate, setting a maximum rate that banks and S&Ls were allowed to pay depositors, was prescribed by
a. the FDIC mandate
b. Regulation Q
c. the Federal Reserve Board of Governors commission
d. Continental Bank's charter
e. the constitution of the First National Bank
B
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The Clayton Act is an antitrust law that was passed to
A) outlaw monopolization. B) prohibit charging buyers different prices if the result would reduce competition. C) address loopholes in the Sherman Act. D) toughen restrictions on mergers by prohibiting mergers that reduce competition.
Which of the following is the best example of opportunity cost?
A) a company's expenditures on a training program for its employees B) the rate of return on a company's investment C) the amount of money that a company can earn by depositing excess funds in a money market fund D) the profit that a company forgoes when it decides to drop one product line in favor of another one
Unexpected inflation harms both debtors and individuals who live on fixed incomes
a. True b. False Indicate whether the statement is true or false
According to the Friedman-Phelps analysis, in the long run actual inflation equals expected inflation and unemployment is at its natural rate
a. True b. False Indicate whether the statement is true or false