How will a decrease in price tend to affect supply?
a. Supply will increase.
b. Supply will decrease.
c. Supply will not change.
d. Uncertain.
c
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The natural rate of unemployment corresponds to what is sometimes called the full employment unemployment rate
a. True b. False Indicate whether the statement is true or false
Unemployment compensation payments
a. rise during a recession and thereby help stimulate consumption. b. rise during a recession and thereby retard consumption. c. rise during economic expansion and thereby help stimulate consumption. d. rise during economic expansion and thereby retard consumption.
Which of the following factors does NOT shift the demand curve for money?
A. changes in the interest rate B. changes in the price level in the economy C. changes in real income D. changes in real GDP
The process in which new technologies replace old ones, new businesses replace existing businesses, and new skills make old ones irrelevant is referred to as:
A) business development. B) creative destruction. C) globalization. D) liberalization.