The Clayton Act of 1914 was passed to prohibit, in part, price discrimination if the effect is to substantially lessen competition or create monopoly
Indicate whether the statement is true or false
TRUE
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The association of each quantity of a variable input, like labor, to its total product is the
a. short-run production function. b. average product of labor. c. stage of production. d. expansion path.
Holding other factors constant, the increase in African Americans and Hispanics in the labor force in the United States has
A) decreased structural and frictional unemployment. B) increased cyclical unemployment declined. C) decreased cyclical unemployment increased. D) increased the natural rate of unemployment.
The existence of government programs that provide in-kind transfers have ______.
a. more or less eliminated income inequality b. probably caused income inequality estimates to be overstated c. probably caused income inequality estimates to be understated d. created greater amounts income inequality
In the Keynesian model, investment, government spending, and net exports are treated as autonomous expenditures, which means they are independent of:
A. expectations. B. the price level. C. political processes. D. real GDP.