As the unemployment rate rises,
a. real GDP also rises.
b. nominal GDP rises.
c. the employment rate rises.
d. lost national output rises.
d
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Companies that enable investors to use their savings to buy financial securities are referred to as:
A) hedge fund companies. B) banks. C) private equity funds. D) asset management companies.
Al’s Donuts produces about 600 dozen doughnuts daily. If flour prices increase 20 percent,
A. only marginal cost will shift up. B. only marginal cost and average total cost will shift up. C. marginal cost, average variable cost, and average total cost will shift up. D. marginal cost, average total cost, average variable cost, and average fixed cost will shift up.
If two firms produce the same product but have different supply curves,
A) this would indicate that some other variable differs across the two firms. B) this would indicate that all variables are the same across the two firms. C) this would indicate that one or both of the firm's managers are misinformed. D) this would indicate a need for government regulation.
Which of the following occurs when a market is in equilibrium?
A) quantity supplied is equal to quantity demanded B) supply is equal to demand. C) the price of the good will tend to rise, all else held constant. D) the price of the good will tend to fall, all else held constant.