Which of the following is true of the per se rule?
a. The per se rule was used by U.S. courts from 1914 until the 1920s.
b. The per se rule had the effect of making antitrust policy more liberal.
c. According to the per se rule, activities that were potentially monopolizing tactics were illegal.
d. The per se rule did not allow the mere existence of anti-competitive activities to be sufficient evidence for a guilty verdict.
e. The per se rule was revived by Bush administration.
c
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If policymakers are expected to increase the money supply, Monetarists argue that there is __________ effect. There is __________ effect that raises prices when the money supply actually increases
A) a small liquidity; an income B) no; an income C) a small income; a liquidity D) no; a liquidity
Growth in employment can result from either an increase in labor supply or an increase in labor demand
a. True b. False
In a laissez-faire system, the price mechanism dictates the production planning decisions
a. True b. False Indicate whether the statement is true or false
Liberalism aims to raise the welfare of the worst-off person in society. This rule is called the
a. minimax regret criterion. b. conservative approach. c. Nozick criterion. d. maximin criterion.