Related to the Economics in Practice on Page 282

question 344

Multiple Choice

Related to the Economics in Practice on page 282. In January 2012

• A) the U.S. Supreme Court ruled that Google violated U.S. antitrust laws.
• B) the Justice Department ruled that Microsoft could not merge its search engine, Bing, with Google.
• C) the FTC settled a suit against Google.
• D) the FTC ruled that Google must break up its monopoly.

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Definitions:

Gini Coefficient

The Gini coefficient is a measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality), used to assess wealth distribution.

Real Interest Rate

The interest rate expressed in dollars of constant purchasing power as a percentage of the amount loaned; the nominal interest rate minus the inflation rate.

Hidden Unemployment

Unemployment that includes individuals who have stopped looking for work or those who are underemployed, not fully reflected in official unemployment statistics.

Unemployment Compensation

Financial payments made to individuals who have lost their job until they find new employment, typically administered by government agencies.