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Figure 5-1 Shows the Path of Real GDP Growth Over

question 28

Multiple Choice

Figure 5-1 shows the path of real GDP growth over time. Use the figure to answer questions . Figure 5-1 shows the path of real GDP growth over time. Use the figure to answer questions .   -Refer to Figure 5-1. The peak of the business cycle occurs: A)  between t<sub>1</sub> and t<sub>3</sub>. B)  at t<sub>3</sub>. C)  between t<sub>2</sub> and t<sub>3</sub>. D)  at t<sub>2</sub>.
-Refer to Figure 5-1. The peak of the business cycle occurs:


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Price-fixing

An illegal agreement among competitors to maintain prices at a certain level, preventing the forces of competition from dictating market prices.

Sherman Act

The federal antitrust law of 1890 that makes monopoly and conspiracies to restrain trade criminal offenses.

Federal Energy Regulatory Commission

The Federal Energy Regulatory Commission (FERC) is a U.S. government agency that regulates the interstate transmission of electricity, natural gas, and oil.

U.S. Justice Department

The federal executive department responsible for overseeing the enforcement of federal laws, including antitrust law, civil rights, and criminal law.

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