A Congressional attempt to reduce deficit spending within a specific time frame was
a. the Kemp-Roth Act
b. the Gramm-Rudman-Hollings Act
c. the Tax Reform Act of 1986
d. the Humphrey-Hawkins Act of 1978
e. the Helms-Burton Act of 1995
B
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If the U.S. dollar increases in value relative to other currencies, how does this affect the aggregate demand curve?
A) This will shift the aggregate demand curve to the right. B) This will move the economy down along a stationary aggregate demand curve. C) This will move the economy up along a stationary aggregate demand curve. D) This will shift the aggregate demand curve to the left.
Given the information in Figure 18.1, the efficient output in the corbomite industry is:
A) 0. B) Q0. C) Q1. D) Q2.
An exclusive dealing contract is a ________ contractual requirement that ________.
A) vertical; forbids the buyer from selling products that compete with the seller's product B) horizontal; forbids the buyer from selling products that compete with the seller's product C) horizontal; requires the buyer to purchase 100 percent of the product that it needs from the supplier D) vertical; requires the buyer to purchase 100 percent of the product that it needs from the supplier
Government-imposed limits on price movements are likely to
A. increase economic efficiency. B. decrease economic efficiency. C. leave economic efficiency unchanged. D. promote economic growth in the economy.