If marginal cost is less than average total cost, then ________ is ________

The unemployment rate in Utopia rose to 12% when the country was passing through a recession. How will the labor market in Utopia be affected if an expansionary monetary policy triggers an inflation in the economy?

What will be an ideal response?

How did the Celler-Kefauver Act (CK Act) affect the nation's antitrust policy?

A. The CK Act strengthened the nation's approach to merger enforcement by amending the Clayton Act. Under the CK Act, purchasing assets with the cash of another company was a potential antitrust violation. B. The CK Act strengthened the nation's approach to merger enforcement by making all conglomerate mergers illegal. C. The CK Act strengthened the nation's policy toward predatory pricing by clarifying that pricing lower than marginal cost was an antitrust violation. D. The CK Act weakened the nation's policy by creating a loophole in the Clayton Act making mergers easier.