During this century, court decisions on antitrust have
a. changed from per se, to rule of reason, and back to per se
b. changed from rule of reason, to per se, and back to rule of reason
c. always emphasized per se
d. always emphasized rule of reason
e. varied from judge to judge without following any pattern
B
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
What is the value of marginal product of labor?
What will be an ideal response?
An increase in government spending causes the:
a. Monetary base to fall. b. Monetary base to either rise or fall, depending on the state of the economy. c. No change in the monetary base. d. Monetary base to rise.
To be counted in the labor force
A. a person has to be at least 16 or older, have a job, or if unemployed has to be actively seeking employment. B. a person has to be working at least 10 hours per week. C. a person has to be over 16 years of age, irrespective of whether she or he is actively seeking work. D. a person, irrespective of his or her age, has to be working or, if out of work, actively seeking employment.