In 2001, Microsoft was found guilty of:
A. using anticompetitive means to maintain and broaden its "Windows" monopoly.
B. monopolizing the market for word processing software.
C. conspiring with Netscape and Sun to monopolize the market for Internet browsers.
D. deliberately pricing Windows 95 and 98 below marginal cost to monopolize the market for
operating systems for personal computers.
Answer: A
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Let "C = Ca + by" define the consumption function. The term "b" is known as
A) autonomous consumption. B) induced consumption. C) the marginal propensity to save. D) the marginal propensity to consume.
According to the Keynesian approach, a decrease in taxes
A) will decrease consumption, as the government will have to spend less. B) will not impact consumption, as most consumption is autonomous. C) will increase consumption exactly by the amount of the taxes. D) will increase consumption by an amount of less than the change in taxes.