The Clayton Act of 1914 was passed to prohibit, in part, price discrimination if the effect is to substantially lessen competition or create monopoly

At a trough in the business cycle, the macroeconomic equilibrium is ________ the level of potential real GDP

A) equal to B) rising above C) greater than D) less than E) None of the above answers is always correct because the relationship depends on whether the previous phase of the business cycle had been a recession or an expansion. The table gives the aggregate demand and aggregate supply schedules for a nation.

Which of the following changes is/are a shifter of the demand for a particular food product?

A. Changes in consumer income. B. Changes in consumer perceptions of that product. C. Changes in price of that product. D. Both A and B.