More generous unemployment benefits ________ the opportunity cost of looking for a new job and therefore ________ the job search process
A) lower; extend
B) lower; does not change
C) lower; shorten
D) raise; extend
E) raise; shorten
A
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A craze for apples in Riverdale increases the quantity demanded at every price by five bushels. Between any two prices, the new demand curve will be ____ the old demand curve.
A. more elastic than B. less elastic than C. equal in elasticity to D. More information is needed to predict the relationship.
If Ep is 2500 and Y is 3000, then
A) planned inventory accumulation is 500. B) planned inventory depletion is 500. C) unplanned inventory accumulation is 500. D) unplanned inventory decumulation is 500.
The supply curve for housing in the very short run is likely to be
A. perfectly elastic. B. unit-elastic elastic. C. very elastic. D. very inelastic.
A nation which has many active free markets in which profits motivate sellers and also has regulatory bureaucracies would be an example of
A. a free market. B. a centrally planned economy. C. a mixed economy. D. an equitable economy.