"Mere size is no offense" is an antitrust ruling based on the rule of reason
a. True
b. False
Indicate whether the statement is true or false
True
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With perfect price discrimination there is
A) an increase in consumer surplus. B) one single price. C) no deadweight loss. D) no producer surplus.
The interest rate the Fed charges banks borrowing from the Fed is the
A) federal funds rate. B) Treasury bill rate. C) discount rate. D) prime rate.
In September 2005, exports of goods from the U.S. decreased $3.3 billion to $73.4 billion, and imports of goods increased $3.8 billion to $144.5 billion. This increased the deficit in
A. the current account. B. the balance of payments. C. unilateral transfers. D. the financial account.
If prices and wages are inflexible downward, a decrease in aggregate demand will:
A. reduce the price level but not real output. B. increase short-run aggregate supply. C. decrease short-run aggregate supply. D. reduce real output but not the price level.