To say that inflation is a monetary phenomenon seems to beg the question
A) Why does inflationary monetary policy occur?
B) Why do politicians seek reelection?
C) Why is the Fed independent?
D) Why does the U.S. Treasury print so much money?
A
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A firm's choice about how much physical capital to employ differs from its choice of how much labor to employ because
a. the firm has to pay for its capital b. the productivity of labor depends on the firm's production function c. firm must compare the marginal costs and benefits of acquiring more capital d. firms do not own the labor they employ, but they frequently purchase capital outright e. labor is productive but capital is not
If the courts apply the rule of reason criterion to a firm that dominates a market but does not engage in anticompetitive behavior, it would not find the firm to be in violation of the antitrust laws
Indicate whether the statement is true or false