All of the following are explanations of the post-1973 productivity slowdown except
A) problems in measuring productivity.
B) changes in the legal and human environment.
C) higher oil prices.
D) greater competition from foreign imports.
D
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In Figure 13-1, which panel shows the effect of a recession on the interest rate?
a. Panel (B)
b. Panel (A)
c. Panel (C)
d. Panel (D)
If two or more firms combine or conspire to monopolize trade, this would be in violation of the:
a. Federal Trade Commission Act. b. Clayton Act. c. Sherman Antitrust Act. d. Robinson-Patman Act.
AGI always exceeds taxable income.
A. True B. False C. Uncertain
Crowding out is most likely to occur when the federal government
A. Runs a deficit and raises taxes to generate more revenue. B. Runs a surplus and pays off part of the debt. C. Has a balanced budget and refinances a portion of the debt that matures. D. Runs a deficit and sells bonds to make up the difference.