When firms have had to defend themselves against the charge that they have adopted unjustifiably low prices either to drive a competitor out of business or to prevent the entry of a rival, they have been accused of
A. creating a trust.
B. conspiracy.
C. predatory pricing.
D. price discrimination.
Answer: C
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Since the 1930s, the Fed's most important tool for controlling the money supply has been
A) setting the discount rate. B) setting reserve requirements. C) moral suasion. D) open-market operations.
Most checkable deposits are insured up to $250,000 by
a. state banking commissions. b. the Federal Reserve Board. c. U.S. Department of the Treasury. d. the Federal Deposit Insurance Corporation.
Figure 10-7
Which of the panels in Figure 10-7 shows an economic recession caused by primarily by a change aggregate demand?
a.
Panel (A)
b.
Panel (B)
c.
Panel (C)
d.
Panel (D)
Along the portion of the consumption function that lies above the 45-degree line, saving is
A. equal to consumption. B. positive. C. negative. D. equal to zero.