A Recessionary Gap Exists When Potential GDP

question 13

Multiple Choice

A recessionary gap exists when potential GDP

• A)falls short of equilibrium GDP.
• B)exceeds equilibrium GDP.
• C)equals equilibrium GDP.
• D)All of the above are correct.

Contrast the views of different antitrust policy perspectives (e.g., active vs. laissez-faire).

Assess how definitions of market and competition influence antitrust enforcement.

Understand the difference between mergers that are permissible and those that are prohibited under antitrust laws.

Understand per se violations in antitrust law and their implications.

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Definitions:

Outsourcing

Is a decision to allow one or more of a company’s value chain activities to be performed by onshore independent specialist companies that focus all their skills and knowledge on just one kind of activity.

Bona Fide

Genuine; real; without intention to deceive or any fraud involved.

Non-Discrimination Quotas

Policies or measures implemented to ensure equal opportunities by requiring a certain percentage of minorities or women in hiring or admissions.