Who Led the Team That Created the Original National Income

question 84

Multiple Choice

Who led the team that created the original National Income and Product Accounts in the 1930s?

• A) John M. Keynes
• B) Paul A. Samuelson
• C) William D. Nordhaus
• D) Simon Kuznets
• E) Milton Friedman

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Definitions:

Clayton Act

A U.S. legislation enacted in 1914 aimed at promoting competition among businesses and preventing unfair anti-competitive practices.

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition.

Classifying Retail Operations

The process of organizing retail businesses into categories based on factors like product lines, service level, pricing strategy, and target market.

Merchandise Line

Describes how many different types of products a store carries and in what assortment.