Most economists feel that the ability to alter the unemployment rate with fiscal and monetary policies is ______.

a. more limited than previously believed
b. more powerful than previously believed
c. impossible
d. easy

a. more limited than previously believed

Economics

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Refer to Figure 11-2. The curve labeled "F" is

A) the output supply curve. B) the total product curve. C) the marginal product curve. D) the average product curve.

Economics

In the 1970s, members of the Law and Economics program at the University of Chicago argued that

a. per se rules should be adopted by the Supreme Court and used to decide antitrust cases. b. large firms should always be broken up in order to encourage competition. c. large market shares may be due to efficient management or innovation. d. courts should "get out of the antitrust business".

Economics