Discrimination raises the average wage of members of one group of workers in spite of laws that require equal pay for all workers

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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If aggregate supply keeps decreasing while aggregate demand does not change, there will come at time when

a. demand-dull inflation will occur b. cost-push inflation will occur c. demand-push inflation will occur d. cost-pull inflation will occur e. the economy will reach full employment

Economics

If stock prices follow a random walk, it means

a. long periods of declining prices are followed by long periods of rising prices. b. the greater the number of consecutive days of price declines, the greater the probability prices will increase the following day. c. stock prices are unrelated to random events that shock the economy. d. stock prices are just as likely to rise as to fall at any given time.

Economics

Refer to the above graph. To maximize profits, the firm should produce the quantity:

a. 0C b. 0A c. 0K d. 0B

Economics

From Table 2.1, which column is likely to be the one for quantity demanded? 

A. column A B. neither A nor B C. column B D. either A or B are equally likely

Economics