Keynesian economics
a. affirms the classical economists' basic premise concerning competitive markets
b. believes that monopolies and unions tend to be permanent fixtures in our economy and the prices they create tend to be flexible, at least downward
c. emphasizes that an economy can never be in equilibrium at less than full employment
d. prefers to emphasize aggregate supply over aggregate demand
e. believes that unemployment results when aggregate demand is insufficient to reach a full-employment level of real GDP
E
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What is the primary goal of phasing out government assistance payments?
a. Providing an incentive to work b. Eliminating income taxes for the working poor c. Balancing work and leisure time d. Establishing a fair poverty line
Courts must approve ________, that is, formal agreements on remedies between all parties to an antitrust case.
A. consent decrees B. private actions C. treble damages D. criminal actions
What do antitrust laws enable the government to do?
a. Break up large firms into smaller ones b. Acquire a controlling percentage of large firms c. Require firms to sell off profitable operations d. Block all mergers and acquisitions by foreign firms
The U.S. business sector has the most purview over
A. tax revenues. B. on-the-job training. C. educational outcomes. D. university education.