When a temporary negative supply shock hits the economy ________
A) the divine coincidence does not always hold
B) the divine coincidence holds in the short-run
C) the divine coincidence does not hold in the long-run
D) all of the above
E) none of the above
A
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In 2010, fears were growing that the dollar would experience a significant decline in value. What are the likely implications for the euro-dollar exchange rate?
What will be an ideal response?
Less than 1/3 of those age 85 or older are currently married
Indicate whether the statement is true or false
A government-imposed restriction on the quantity of a specific good that may be imported to and sold in the United States is called a
A) tariff system. B) quota system. C) reverse-trade system. D) union trade system.
The MFC can be calculated by the
A) change in total wages/change in labor. B) total wages/total labor. C) change in labor/change in total wages. D) total wages/change in labor.