For This Question,assume That 1980 Is the Base Year

question 3

Multiple Choice

For this question,assume that 1980 is the base year.Given macroeconomic conditions in the United States over the past three decades,we know that

• A)nominal GDP is always smaller than real GDP since 1980.
• B)real GDP and nominal GDP would be equal for the entire period.
• C)real GDP is larger than nominal GDP from 2002 to 2008.
• D)real GDP and nominal GDP were equal in 1980.
• E) none of the above

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Definitions:

Sherman Act

A federal statute that prohibits monopolistic business practices and promotes competition.

Injunctions

are judicial orders that restrain a person from beginning or continuing an action threatening or invading the legal right of another, or that compel a person to carry out a certain act, like repairing a nuisance.

Remedies

Legal means for enforcing rights or compensating harm due to the breach of a legal duty.

Tying Arrangements

Business practices where the sale of one product or service is conditioned on the purchase of another, often scrutinized under antitrust laws for potentially restricting competition.