Under the Clayton Act,
a. the same person cannot sit on the boards of directors of competing corporations.
b. mergers are illegal.
c. monopoly is illegal.
d. the Sherman Antitrust Act was repealed.
a
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Relative purchasing power parity is:
a. More accurate the shorter the time period. b. Worse than absolute purchasing power parity at predicting changes in exchange rates. c. Highly inaccurate because of the conflict between monetary policy and fiscal policy. d. More accurate the longer the period of time. e. All the above.
According to classical macroeconomic theory,
a. the price level is sticky in the short run and it plays only a minor role in the short-run adjustment process. b. for any given level of output, the interest rate adjusts to balance the supply of, and demand for, money. c. output is determined by the supplies of capital and labor and the available production technology. d. All of the above are correct.