The basic federal "antitrust" law prohibiting combinations in restraint of trade and attempts to monopolize is the
A) Clayton Act.
B) Miller-Tydings Act.
C) Robinson-Patman Act.
D) Sherman Act.
E) Taft-Hartley Act.
D
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Keynesians advocate increasing the money supply during economic recessions but decreasing the money supply during economic expansions. True or Flase
A. True B. False
Referring to Figure 19.1, U.S. goods will become more expensive in Mexico if the exchange rate goes from ________ to ________ pesos to the dollar
A) 13; 11 B) 12; 13 C) 12; 11 D) 14; 10
An assumption of the classical model is that
A) money illusion is widespread. B) people make decisions based on nominal prices rather than real prices. C) prices are flexible while wages are inflexible. D) people are motivated by self-interest.
Which of the following is an example of a normative statement?
A. The American Recovery and Reinvestment Act should not have been passed during the Great Recession. B. Unemployment soared to 25 percent during the Great Depression. C. An increase in alcohol taxes will reduce the number of drunk driving accidents. D. Great Britain has fewer hospital beds per capita today than they did in 1948.