Changes in Aggregate Output in the Short Run Are Caused

question 24

Multiple Choice

Changes in aggregate output in the short run are caused primarily by:

• A) demand factors.
• B) population growth.
• C) capital accumulation.
• D) supply factors.
• E) technology.

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Definitions:

Significant Anticompetitive Effect

Actions or agreements that significantly reduce competition in a market, in violation of antitrust laws.

Clayton Act Violations

Infractions of the Clayton Antitrust Act, a U.S. law designed to prevent anticompetitive practices and promote fair competition in the marketplace.

Conglomerate Merger

A conglomerate merger is the combination of two or more companies engaged in entirely different business activities, usually to diversify product lines and decrease risk.

Functional Interchangeability Tests

Procedures or assessments to determine if different products, parts, or systems can perform the same function in the same environment effectively.