The Sherman Act
A) prohibited banks from crossing states lines.
B) prohibited railroads from transporting explosives.
C) provided for the regulation of natural monopolies.
D) declared that monopolization and restraint of trade were illegal.
Answer: D
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Compared to the GDP deflator, the consumer price index measures:
A) the price of all the goods and services produced in the economy. B) the price of a fixed market basket of goods and services. C) the price of exported goods and services. D) the price of wholesale goods and services.
This theory views shocks to tastes (workers' willingness to work, for example) and technology (productivity) as the major driving forces behind short-run fluctuations in the business cycle because these shocks lead to substantial short-run
fluctuations in the natural rate of output. A) the natural rate hypothesis B) hysteresis C) real business cycle theory D) the Phillips curve model