Since the 1960s, SAT scores have been
A. falling.
B. rising.
C. stayed the same.
D. none of these answer options are correct.
A. falling.
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The unemployment rate is defined as the:
A) percentage of civilian non-institutionalized population aged 14 or over that is unemployed. B) percentage of labor force that is unemployed. C) percentage of total population that is unemployed. D) percentage of civilian non-institutionalized population aged 12 or over that is unemployed.
Suppose Sprite and 7-Up are considered by consumers to be substitutes. The likely economic impact of a decrease in the price of 7-Up is a:
a. movement up along the demand curve for Sprite. b. decrease in the supply of 7-Up c. rightward shift of the demand curve for Sprite. d. leftward shift of the demand curve for Sprite.
What is the definition of the natural rate of unemployment?
What will be an ideal response?
In the kinked-demand curve model, the firm's marginal revenue curve and demand curve are identical.
Answer the following statement true (T) or false (F)