Which of the following is most likely to happen if the Federal Trade Commission (FTC) wins a suit against alleged violators of antitrust law?
a. The FTC will receive compensation up to three times the damage caused.
b. The FTC will not be able to impose substantial penalties.
c. The FTC will force firms to break up through dissolution.
d. The FTC will force firms to merge together.
e. The FTC will file criminal actions that may result in fines but not prison sentences.
c
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Lana spent $5 to see a movie. We know
A. the movie was worth 500 utils. B. Lana’s total utility from movies was $5. C. the movie was worth at least $5 worth of other goods. D. the movie increased marginal utility.
Regulation of the financial system
A) occurs only in the United States. B) protects the jobs of employees of financial institutions. C) protects the wealth of owners of financial institutions. D) ensures the stability of the financial system.
The LM curve
A) is horizontal. B) is vertical. C) slopes downward. D) slopes upward.
Shocks to the macroeconomy will cause a change in the equilibrium real interest rate, except ________
A) permanent supply shocks B) aggregate demand shocks C) temporary supply shocks D) all of the above E) none of the above