What are the two main antitrust laws and when were they enacted?
What will be an ideal response?
The two acts of Congress that make up our main antitrust law and the years of their enactment are:
a. The Sherman Act of 1890
b. The Clayton Act of 1914
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Assume that fewer businesses offer new bonds to raise investment funds when government borrowing increases interest rates. This would be an example of:
a. Ricardian equivalence. b. overestimating the tax multiplier. c. crowding out. d. increased consumption. e. the balanced-budget multiplier.
If the price of inputs rises and personal income taxes rise:
a. Aggregate demand rises, and aggregate supply falls. b. Aggregate demand rises, but aggregate supply does not change. c. Aggregate demand falls, and aggregate supply rises. d. Aggregate demand and aggregate supply rise. e. Aggregate demand and aggregate supply fall.