An increase in the stock of capital in a society is called capital deepening

A horizontal merger

A) results in a trust (for example, the Standard Oil Company). B) is a merger between firms in the same industry. C) is a merger between firms at different stages of production of a good. D) was illegal in the United States until the Federal Trade Commission Act was passed by Congress in 1914.

The Federal Reserve is run at the national level by _____

a. Congress b. the president c. a board of governors d. the federal government