If Total Spending Rises from One Year to the Next,then

question 13

Multiple Choice

If total spending rises from one year to the next,then which of the following could not be true?

• A)the economy is producing a smaller output of goods and services,and goods and services are selling at higher prices.
• B)the economy is producing a larger output of goods and services,and goods and services are selling at lower prices.
• C)the economy is producing a larger output of goods and services,and goods and services are selling at higher prices.
• D)the economy is producing a smaller output of goods and services,and goods and services are selling at lower prices.

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Definitions:

Sherman Act

A landmark federal statute in the field of Antitrust Law passed by Congress in 1890, which outlaws monopolistic business practices.

Foreign Companies

Businesses that are incorporated or registered outside of a country’s borders and operate within that country.

U.S. Commerce

Refers to the economic activities and trade within the United States, including transactions of goods and services.

Interstate Commerce Act

A United States federal law designed to regulate the railroad industry, particularly its monopolistic practices, by requiring reasonable and just rates with the establishment of the Interstate Commerce Commission.