Increased output and prices in the United States in the early 1940s were mostly the result of increased government expenditures

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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If the price of inputs rises and foreign income rises:

a. Price index falls, and real GDP rises. b. Price index falls, and real GDP falls. c. Price index falls, and the change in real GDP is uncertain. d. Price index rises, and the change in real GDP is uncertain. e. The change in price index is uncertain, and real GDP falls.

Economics

The Celler-Kefauver Act of 1950:

A. established the FTC. B. closed down a loophole in the Clayton Act by outlawing mergers through the purchase of another firm's physical assets. C. closed down a loophole in the Sherman Act by outlawing mergers through the purchase of another firm's physical assets. D. banned tying contracts.

Economics