The first major piece of antitrust legislation was:

Classical economists and monetarists believe that the economy operates at full- employment GDP. Therefore, any increase in the money supply will cause both nominal and real GDP to increase

Indicate whether the statement is true or false

Some economists who consider monopoly to be both inevitable and bad are inclined toward a policy of ___________ if regulation of the monopoly seems ineffectual

a. contestable market b. price controls c. countervailing power d. creative destruction e. nationalization