What were the two basic means of control by government as substitute for, or to supplements to, market forces in monopolized industries?
What will be an ideal response?
First, regulatory agencies were formed to control the economic behavior of natural monopolies. Second, antitrust legislation was passed to inhibit or prevent the growth of monopolies in other industries.
Economics
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If a bank customer deposits $100 in cash, and the bank lends $90 of that deposit to another customer by crediting $90 to her account:
A. the money supply has increased by $190. B. the money supply has increased by $90. C. the money supply has decreased by $10. D. the money supply has not changed.
Economics
When a recession ends, the turning point that immediately follows is called a
A) trough. B) peak. C) depression. D) None of the above answers is correct.
Economics