The economy is fully employed when there is no:
a. seasonal unemployment.
b. frictional unemployment.
c. structural unemployment.
d. cyclical unemployment.
d
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A decrease in the currency exchange rate would shift the aggregate demand curve rightward, resulting in a higher equilibrium income and price level in the long-run
Indicate whether the statement is true or false
In principle, how do we determine a perfectly competitive firm's profit-maximizing output and maximum profits given information about the market clearing price, and about the marginal cost and average total cost curves of the firm? Explain in words
What will be an ideal response?
A production or consumption quota that can be bought or sold is called:
A. a subsidy. B. a tax. C. a tradable allowance. D. a buyers' or sellers' quota.
If a product is perceived by consumers as homogeneous, which of the following strategies will work to induce brand loyalty?
A. Frequent buyer rebate programs B. Intensive advertising campaign C. Price wars with competitors D. None of the answers are correct.