Responsibility for enforcing the antitrust laws rests:
A. with the Interstate Commerce Commission.
B. with both the Department of Justice and the Federal Trade Commission.
C. solely with the Federal Trade Commission.
D. solely with the Department of Justice.
Answer: B
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A rent ceiling
A) increases the quantity of rental units supplied. B) cannot change the market price. C) set above equilibrium price has no effect. D) generally aims at insuring that landlords receive a higher rent than would otherwise be the case.
Inflation is a serious problem because inflation causes real wages to decline
a. True b. False Indicate whether the statement is true or false
The multiplier principle is built on the premise that one person's spending is another person's
a. debt. b. obligation. c. income. d. saving.
The aggregate supply curve shows the relationship between the:
a. The Consumer Price Index and the level of output. b. Real risk-free interest rate and expected inflation. c. The nation's average price level (i.e., the implicit price index) and the level of output. d. Nominal exchange rate and level of output. e. None of the above.