Most economists believe that the return of ________ during the 2007-2009 recession is a key reason why the recession was so severe

Goods that have been produced but not yet sold are referred to as

A) capital goods. B) inventories. C) understocks. D) pre-sold goods.

The lawsuit the Justice Department brought against Apple regarding the pricing of e-books for its iPad is an example of attempts by the government

A) to prevent horizontal mergers which would significantly reduce competition. B) to prevent vertical mergers which would significantly reduce competition. C) to regulate a natural monopoly by establishing government-regulated prices. D) to keep firms from artificially restricting competition to raise prices.