Price-fixing is illegal under Section 1 of the Sherman Act.
Answer the following statement true (T) or false (F)
True
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To measure the annual increase in the capital stock most broadly, we should include
a. business purchases of plant and equipment, changes in inventory, and new home construction b. private investment spending plus government investment spending c. stocks and bonds purchased by firms, total investment, and human capital d. purchases of durable goods and human capital e. net private investment spending, net government investment spending, purchases of durable goods, and investment in human capital
Accounting costs represent
A. explicit costs paid by the firm. B. both sunk and future costs. C. long run costs only. D. opportunity costs.
To measure core inflation, the BLS removes goods that:
A. have historically volatile prices. B. are considered necessities. C. are luxury goods. D. are durable and hold a constant value.
When the fed wants to end a recession, they will act to ___ interest rates and ____ the money supply
a. increase; increase b. increase; decrease c. decrease; decrease d. decrease; increase