Agreements among competing sellers to maintain a certain minimum price or to divide up the market in a particular way
A) are evidence of a cooperative rather than competitive spirit in business.
B) are illegal under federal law where it is applicable.
C) benefit business firms and their customers, but at the expense of employees.
D) increase the number of job opportunities in the economy.
Question 2
The term for the Fed's day-to-day technique for controlling the stock of money is called
A) discounting operations.
B) interest-rate operations.
C) liquidity operations.
D) open heart operations.
E) none of the above.
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