After 1975,the U

question 94

Multiple Choice

After 1975,the U.S.economy continued to experience high inflation ________.

• A)mainly because the public expected policymakers to continue their expansionary efforts,and this led to increases in inflation expectations
• B)most likely of the cost-push kind
• C)until a very aggressive commitment to anti-inflationary monetary policy helped end this Great Inflation period
• D)all of the above
• E)none of the above

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Definitions:

Restraint On Trade

Practices or agreements that restrict free competition and trade, often scrutinized and regulated by law.

Rule Of Reason

A test used to determine whether an anticompetitive agreement constitutes a reasonable restraint on trade. Courts consider such factors as the purpose of the agreement, its effect on competition, and whether less restrictive means could have been used.

Per Se Standard

A principle where an action or condition is considered inherently illegal or wrong, without the need for additional proof.

Economic Analysis

The systematic examination of the costs and benefits associated with economic decisions, policies, or projects.