A country's real GDP can increase for brief periods of time
A. only if both its aggregate demand and its aggregate supply increases.
B. if either its aggregate demand or its aggregate supply increases.
C. only if its aggregate demand increases.
D. only if its aggregate supply increases.
Answer: B
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When management shuts down a plant and does not allow workers to perform their jobs, there is a
A. Walkout. B. Strike. C. Strikebreaker. D. Lockout.
According to the Classical model, an excess supply of labor would drive up wages to a new equilibrium level and therefore unemployment would not persist.
Answer the following statement true (T) or false (F)
On average, people in the United States spend a greater percentage of their income on health care than do people in most other countries
Indicate whether the statement is true or false
What is one of the biggest differences between a sole proprietorship and a corporation?
A) Sole proprietorships offer stock. B) Corporation shareholders elect the managers of the firm. C) Sole proprietorships have limited liability. D) Corporations are the only profitable firms.