Which act of Congress extended the government's authority to block horizontal and vertical mergers?
a. the Clayton Act
b. the Sherman Antitrust Act
c. the Wheeler-Lea Act
d. the Celler-Kefauver Anti-Merger Act
e. the Herfindahl-Hirschmann Act
D
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Eligibility for income assistance benefits requires a prior financial contribution from the individual covered; eligibility for social insurance programs does not
a. True b. False
A tax on the income earned by buying investments and selling them at a higher price is called the:
A. sales tax. B. corporate income tax. C. capital gains tax. D. excise tax.
Use the following table to answer the next question. The money supply and investment are in billions.Money Supply (billions of dollars)Interest RateInvestment (billions of dollars)$507%$100606110705120804130903140Assume that the MPC is 0.8 and the reserve requirement is 0.1. If the Federal Reserve needs to decrease aggregate demand by $100 billion at each price level to move the economy back to full employment and the current interest rate is 5%, then the Federal Reserve should ________ bonds on the open market equal to ________.
A. buy, $4 billion B. sell, $4 billion C. sell, $2 billion D. buy, $2 billion
An individual who acquires a bond from a corporation
A. lends money to the corporation. B. borrows money from the corporation. C. buys part of the corporation. D. promises to pay part of any debts of the corporation.