Other things the same, if there is an increase in the money supply growth rate that is larger than expected, then in the short run
a. the natural rate of unemployment rises.
b. the natural rate of unemployment falls.
c. the unemployment rate will be above its natural rate.
d. the unemployment rate will be below its natural rate.
d
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Trade, whether between individuals or nations, will not take place unless
A. there is one commodity and one currency. B. at least one participant expects to gain from the trade. C. both participants expect to gain from the trade. D. each side has an absolute advantage.
Supplier power tends to be low when
a. Suppliers are less concentrated b. Inputs provided by the supplier are not vital c. Inputs are less differentiated d. All the above
Which of the following countries has historically been more willing to sacrifice environmental quality for additional economic output?
a. United States b. China C. Canada D. France
Which of the following is an assumption of theory of consumer behavior described in this chapter?
A. The consumer's income increases as prices of goods increase B. Each good that a consumer consumes has a price C. The consumer oftentimes is not sure about her preferences D. Marginal utility increases as more units of a good is consumed