The possession of monopoly power and the willful acquisition of that power is
A. defined by the Supreme Court as monopolization.
B. not defined as monopolization until a statement about profits is included.
C. not the definition of monopolization.
D. defined in the Sherman Antitrust Act as monopolization.
Answer: A
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The smaller the slope of the aggregate planned expenditure (AE) curve, the
A) larger are imports. B) smaller the multiplier. C) larger the multiplier. D) larger are exports. E) larger is the marginal tax rate.
If the federal government's expenditures are less than its tax revenues, then
A) the budget is balanced. B) a budget surplus results. C) a budget deficit results. D) No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays.
The long-run aggregate supply curve is _____.
Fill in the blank(s) with the appropriate word(s).
Which specific government agency monitors unemployment?
A. Commerce Department B. Bureau of Labor Statistics C. Executive Branch D. State Department