At the beginning of the 1980s under Chairman Paul Volcker, the Fed
a. stressed control of interest rates over control of the money supply
b. did not seem to favor either control of the money supply or of interest rates
c. changed the emphasis between controlling the money supply and controlling the interest rate depending on the state of international trade
d. stressed control of the money supply over control of the interest rate
e. controlled whichever target that seemed to be important at the time
D
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Post deregulation, airlines attempted to maintain their earlier profit levels by instituting price discrimination in such forms as advance purchase ticket restrictions and frequent-flyer mileage programs. These methods generally did not succeed in maintaining those profit levels
Indicate whether the statement is true or false
Laws that make it illegal for firms to conspire to raise prices or reduce production are known as
A. antimonopoly laws B. all of these answers C. anti-collusion laws D. pro-competition laws E. antitrust laws
A physician whose job is to determine if a patient needs to be referred to a specialist is called
A. an HMO doctor. B. a primatologist. C. a primary care physician. D. an intern.
One of the strongest reasons that oligopolies exist is due to
A. marginal cost pricing. B. lowest cost production. C. the homogeneity of their products. D. economies of scale.