Which of the Following Would Be Considered an Act of Deregulation?​

question 27

Multiple Choice

Which of the following would be considered an act of deregulation?​

• A)​Reed Bullwinkle act - legalized rate bureaus or conferences
• B)​Granger law - Established maximum rates,prohibited discrimination,and forbade mergers for railroads.
• C)​Trucking Industry Regulatory Reform Act - Motor carriers freed from filing rates with the Interstate Commerce Commission
• D)​Freight Forwarders Act - Allowed Interstate Commerce Commission control over freight forwarders;controlled entry,rates,and services.

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Definitions:

Aggregate Demand

The total demand for all goods and services within an economy at a particular time and price level.

Inflation

The speed at which the average price level of goods and services escalates, weakening the power to purchase.

Unemployment

The situation in which individuals who are capable of working and are actively searching for a job are unable to find employment.

Natural Rate

A concept in economics referring to the level of any economic variable, such as unemployment or interest, that is not affected by short-term fluctuations.