During this century, court decisions on antitrust have

a. changed from per se, to rule of reason, and back to per se
b. changed from rule of reason, to per se, and back to rule of reason
c. always emphasized per se
d. always emphasized rule of reason
e. varied from judge to judge without following any pattern

B

Economics

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Suppose the exchange rate for the U.S. dollar rises. This could be caused by

A) an increase in U.S. import demand. B) a decrease in the world demand for U.S. exports. C) a fall in the expected future exchange rate. D) an increase in the U.S. interest rate differential.

Economics

In the classical model, and increase in tax on firms that hired labor would

a. decrease labor demand and the real wage and increase output. b. decrease labor supply, increase the real wage, and decrease output. c. decrease labor demand, decrease the real wage, and decrease output. d. reduce real wages and increase output.

Economics