Disinflation is
A. a constant price level.
B. negative inflation.
C. a drop in the average level of prices.
D. a reduction in the annual rate of inflation.
D. a reduction in the annual rate of inflation.
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Research supporting the new Keynesian model finds that prices are ________
A) slow to adjust to aggregate demand shocks B) changed very frequently C) changed only infrequently D) not as flexible as wages
Unemployment that results from fundamental technological changes in production, or from the substitution of new goods for customary ones, is:
a. the natural rate of unemployment. b. full employment. c. cyclical unemployment. d. frictional unemployment. e. structural unemployment.
Which of the following are key reasons to build a strong order fulfillment (i.e., delivery) capability?
a. Out-of-stock occurences are a leading cause of customer dissatisfaction b. Service failures cost retailers hundreds of billions of dollars every year c. Fixing stockouts is easy to do, offereing companies a quick and easy return on investment d. All of the above e. Only A and B
If, in a competitive market, marginal benefit is less than marginal cost
A) the net benefit to consumers from participating in the market is less than the net benefit to producers. B) the government must force producers to raise prices in order to achieve economic efficiency. C) the output is greater than the equilibrium quantity. D) the output is less than the equilibrium quantity.