When output rises, unemployment falls
a. True
b. False
Indicate whether the statement is true or false
True
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In the short run, the point at which diminishing marginal returns to labor begin is the point at which the marginal cost curve
A) peaks. B) bottoms out. C) is upward sloping. D) is downward sloping.
An increase in the price of inputs used to produce good A will:
a. increase supply, increase price and increase the quantity exchanged. b. increase demand, increase price and increase the quantity exchanged. c. decrease supply, increase price and decrease the quantity exchanged. d. decrease supply, decrease price and decrease the quantity exchanged.
The issuer of a bond is a lender
Indicate whether the statement is true or false
If income increases, the budget line:
A. rotates counterclockwise. B. shifts to the right. C. rotates clockwise. D. shifts to the left.