The first antitrust act passed was the _____ Antitrust Act.
A. Clayton
B. FTC
C. Celler-Kefauver
D. Sherman
D. Sherman
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In larger markets, the quest for profit by firms motivates them to be innovative and produce new and more appealing products
Indicate whether the statement is true or false
Lower levels of education and training are often associated with low levels of
A. production. B. productivity. C. inflation. D. both a and b.
Which of the following elements of the federal income tax code are not indexed for inflation?
A. The standard deduction B. The brackets C. The personal exemption D. All of these elements are indexed.
Joe's increase in wages has been identical to the increase in the price level. Joe thinks that he is better off and has increased his expenditures. Joe's behavior is consistent with
A. a vertical aggregate supply curve. B. Say's law. C. the classical model. D. money illusion.