Which of the following is illegal under Clayton Act of 1914?
a. Charging different prices for the same product.
b. Exclusive dealer agreements.
c. Tying contracts.
d. The purchase of the assets of a rival firm that lessens competition.
c
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If the price of a DVD falls,
i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. A) i only B) ii only C) iii only D) ii and iii E) i and iii
Assume the economy is in recession and real GDP is below full employment. The marginal propensity to consume (MPC) is 0.75, and the government follows Keynesian economics by using expansionary fiscal policy to increase aggregate demand (total spending). If an increase of $1,000 billion aggregate demand can restore full employment, the government should:
a. increase spending by $250 billion. b. decrease spending by $750 billion. c. increase spending by $1,000 billion. d. increase spending by $750 billion.
Though many assets can be used as a store of value, money is a particularly attractive method to store value because:
A. it increases in value as prices rise. B. its purchasing power does not decline when prices rise. C. it is the most liquid of all assets. D. it is backed by gold.
Typically during a recession
A. incomes and unemployment rise. B. incomes increase, and unemployment falls. C. incomes fall, and unemployment falls. D. incomes fall, and unemployment rises.