If the length of time workers are eligible to receive unemployment insurance payments doubles?, then the unemployment rate will
What will be an ideal response?
INCREASE
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In 2000, you could buy a Cadillac DTS for $45,000. In 2011, the Cadillac DTS sold for $55,000
While both models include anti-lock brakes and air bags (along with other similar features), the 2011 model also includes satellite radio and new technology that provides improved gas mileage and safer driving. If the Cadillac DTS was included in the CPI basket, it would create A) a downward bias in the inflation rate. B) an upward bias in the CPI as a result of quality change bias. C) an upward bias in the CPI as a result of commodity substitution bias. D) a downward bias in the CPI as a result of new goods bias.
If the price of a typical good rises, the quantity supplied for that good will
A. decrease. B. automatically increase to infinity. C. increase. D. remain the same.
A currency system in which governments try to keep the values of their currencies constant against another is called a ________ exchange rate system.
A. fixed B. stable C. consistent D. flexible
When units are homogenous and follow the same path through production, __________ costing is appropriate.
Fill in the blank(s) with correct word