Long term contracts for inputs can lead to the slow adjustment of input prices in response to changes in aggregate demand
a. True
b. False
Indicate whether the statement is true or false
True
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The table above shows data reported by the Office for National Statistics for the United Kingdom in September 2000. In September 2000, the unemployment rate is
A) 5.5 percent. B) 1,619 thousand. C) 3.5 percent. D) 3.7 percent. E) 5.8 percent.
When a monopolistically competitive firm lowers its price, one good thing happens to the firm. What is this "one good thing" called?
A) the income effect B) the price effect C) the substitution effect D) the output effect
______________ are present if it is cheaper for one firm to produce products jointly than it is for separate firms to produce the same products independently
Fill in the blank(s) with the appropriate word(s).
Refer to the above graph. What combination would most likely cause a shift from AD 1 to AD 3?
An increase in taxes and an increase in government spending A decrease in taxes and a decrease in government spending An increase in taxes and a decrease in government spending A decrease in taxes and an increase in government spending