Antitrust laws are enforced by:
A. the Department of Commerce.
B. the Federal Trade Commission.
C. the Federal Reserve.
D. the Department of Labor.
Answer: B
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Which of the following ensures that you'll find the goods and services that you're looking for?
A. Government and the rule of law B. Markets and banks C. Government and incentives D. Markets and incentives
When will an increase in aggregate demand not result in lower unemployment rates in the short run?
What will be an ideal response?
The optimal time for the implementation of contractionary fiscal policy would be
A. before inflation accelerated. B. after inflation accelerated. C. after unemployment increased. D. after the price level had risen significantly.
(Appendix) A demand function that has a unitary elasticity at every point will
A. be a horizontal line. B. be negatively sloped and a straight line. C. have a declining slope as price falls. D. have a positive slope when price is low.