The U.S. Congress has given two government entities the authority to police mergers. These two entities are
A) the Antitrust Division of the U.S. Department of Justice and the Council of Economic Advisors.
B) the antitrust division of the Department of State and the Securities and Exchange Commission.
C) the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice.
D) the Federal Trade Commission and the Internal Revenue Service.
C
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Which of the following statements is FALSE?
A) Both monetary and interest rate targets cannot be pursued simultaneously. B) A reduction in the required reserve ratio increases the money supply and pushes down the equilibrium interest rate. C) An open market sale decreases the money supply and pushes up the equilibrium interest rate. D) An open market purchase reduces the money supply and pushes down the equilibrium interest rate.
Which of the following statements is correct?
A) Arc elasticity of demand is the same as the slope of the demand curve. B) Arc elasticity of demand only applies to a nonlinear demand curve. C) Point elasticity of demand is measured at each point along a demand curve. D) Point elasticity of demand is measured between two adjacent points on a demand curve.