The Robinson-Patman Act amended and further refined which of the following laws?
a. the Sherman Antitrust Act
b. the Cellar-Kefauver Act
c. the Clayton Act
d. the FTC Act
e. the Herfindahl-Hirschman Act
C
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If the Fed lowers the inflation rate and initially expected inflation does not change, in the short run the unemployment rate ________, and in the long run the unemployment rate ________ the natural unemployment rate
A) does not change; is greater than B) rises; is greater than C) falls; is equal to D) rises; is equal to E) does not change; is equal to
The present value of $100 to be received in a year is
A) less than $100 and falls as the interest rate rises. B) less than $100 and rises as the interest rate rises. C) more than $100 and falls as the interest rate rises. D) more than $100 and rises as the interest rate rises.
Assume we have a simplified banking system in balance-sheet equilibrium. Also assume that all banks are subject to a uniform 10 percent reserve requirement and demand deposits are the only form of money. A commercial bank receiving a new demand deposit of $100 would be able to extend new loans in the amount of:
a. $90. b. $1,000. c. $100. d. $10.
The application of new technology refers to
A. imitation. B. investment. C. innovation. D. education.