The Clayton Act of 1914:
A. prohibited selling products at "unreasonably low prices" with the intent of reducing competition.
B. made it illegal to monopolize a market.
C. repealed the Sherman Act.
D. outlawed price discrimination for the purpose of reducing competition.
Answer: D
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Future generations will be hurt by a high national debt if incurring the debt
a. was done to pay Social Security recipients. b. resulted in heavy commitments to bail out business firms. c. increased formation of capital. d. slowed the formation of capital.
Any deviation from the efficient scale of production would result in a(n): a. decreased marginal cost
b. increased marginal cost. c. increased average total cost. d. decreased average total cost.
Legislative changes in government spending or tax policies is known as ______ fiscal policy.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements about the multiplier is most accurate?
A. The multiplier only applies to increases in initial spending. B. The multiplier applies to both increases and decreases in initial spending. C. The multiplier is rarely associated with changes in investment spending. D. The multiplier only applies to decreases in initial spending.