Division of labor means that
A. the production process is divided into smaller tasks.
B. some employees join labor unions and others do not.
C. management and labor are always in conflict.
D. the labor market in the United States is geographically segmented.
Answer: A
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A) 0.80; an inferior B) 1.2; a normal C) 0.80; a normal D) -1.2; an inferior
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
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A. 38.2; 52.3 B. 15.2; 52.3 C. 23.3; 33.3 D. 15.2; 43.8