Which of the following will cause an increase in aggregate demand?
A. Restrictive fiscal policy.
B. An increase in the reserve requirement.
C. Expansionary monetary policy.
D. The sale of bonds by the Fed.
C. Expansionary monetary policy.
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According to Okun's Law, if the unemployment rate decreased by 1.75% over a year, the annual growth rate of real GDP was ________
A) 6.5% B) 1.75% C) 3.5% D) 5%
If a firm makes negative short run profits, it will exit the industry in the long run.
Answer the following statement true (T) or false (F)
Which of the following is TRUE regarding a collusive agreement? I. It is illegal in the United States. II. Two or more producers agree to restrict output or raise prices. III. Firms' profits are never maximized under this sort of agreement
A) I and II B) I and III C) II and III D) I, II and III
This __________ declared that price discrimination is illegal especially when it decreases competition
a. Robinson-Patman Act b. Sherman Antitrust Act of 1890. c. Merger Act d. Federal Trade Commission Act.