Other things equal, the unemployment rate rises if
A. the supply of labor increases.
B. aggregate demand increases.
C. aggregate output increases.
D. the demand for labor increases.
Answer: A
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According to the new classical view, if the money supply and prices fall but output remains the same indicates that
a. expectations must be adaptive. b. this change in the money supply was anticipated. c. aggregate supply must have shifted upward. d. none of the above can explain this.
Which group has the highest poverty rate from among these groups?
A. Children under 18 B. Persons over 65 C. White males D. Members of working class families
The NFL Ticket Exchange is an attempt by the NFL
A. to extend its monopoly in the primary ticket market to the secondary market. B. to capture profits made in the secondary market. C. to appear to charge lower ticket prices while effectively charging higher prices. D. all of these.
If you purchase one pound of apples the price is $1.50 per pound. If you buy a five pound bag of apples, the cost is $5.00. This is most likely an example of
A) quantity discounts. B) lower marginal cost. C) lower marginal benefit. D) price gouging.