President Woodrow Wilson
(a) fostered the growth of government bureaucracy.
(b) quickly returned the U.S. economy to a competitive market place.
(c) remained neutral on the issue of whether the federal government
should intervene in private market affairs.
(d) mandated that Congress operate with a balanced budget.
(b)
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According to the misperceptions theory, after an unanticipated increase in the money supply has occurred, the SRAS curve must shift ________ to restore general equilibrium; as it does so, the price level ________
A) downward; rises B) downward; falls C) upward; rises D) upward; falls
Some business practices that appear to reduce competition, such as resale price maintenance, may have legitimate economic purposes
a. True b. False Indicate whether the statement is true or false