Most of the unemployment during the Great Depression was cyclical unemployment.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 2The Clayton Act of 1914:
a. was too vaguely worded to reduce anticompetitive behavior significantly
b. prohibited conspiracies in restraint of trade
c. prohibited price discrimination that reduces competition and cannot be justified based on cost differences
d. created the Federal Trade Commission
QUESTION 3Crowding out occurs because lower interest rates discourage saving and make it harder to borrow.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 4A person whose skills do not match available job openings is considered frictionally unemployed.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 5Which of the following is illegal under Clayton Act of 1914?
a. Charging different prices for the same product.
b. Exclusive dealer agreements.
c. Tying contracts.
d. The purchase of the assets of a rival firm that lessens competition.
QUESTION 6If discretionary fiscal policy creates a federal budget deficit, the economy must be experiencing falling output.
a. True
b. False
Indicate whether the statement is true or false
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