Interlocking directorates and tying contracts were outlawed under the ___________ Act.
Fill in the blank(s) with the appropriate word(s).
Clayton
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When tax revenues are greater than government expenditures, the government has a budget
A) crisis. B) deficit. C) surplus. D) revision.
Businesses hold substantial balances in demand deposits for all of the following reasons EXCEPT:
A) they cannot hold NOW accounts B) the existence of low transaction costs C) to maintain liquidity D) relatively high interest rates
An rational, optimizing, self interested consumer would consume up to the point where
a. the consumer surplus from the last unit is positive b. the consumer surplus from the last unit is negative c. the consumer surplus from the last unit is zero d. none of the above
The IS curve represents
A) the single level of output where the goods market is in equilibrium. B) the single level of output where financial markets are in equilibrium. C) the combinations of output and the interest rate where the money market is in equilibrium. D) the combinations of output and the interest rate where the goods market is in equilibrium. E) none of the above