According to the Phillips Curve, which of the following may have taken place if both the unemployment rate and inflation have risen?
A) a negative supply shock
B) an increase in expected inflation
C) a severe recession
D) a negative demand shock
A
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If the money price of a resource such as oil falls, then the
A) LAS curve shifts rightward. B) LAS curve shifts leftward. C) SAS curve shifts leftward. D) SAS curve shifts rightward.
The rise of the tertiary sector is positively associated with modernization and economic development
Indicate whether the statement is true or false
A union can influence the demand for labor by:
a. effective advertising that convinces customers to buy the "union label." b. requiring union fees. c. All of the answers are correct. d. raising union fees.
There has been an unmistakable steady trend toward bigness in business since
A. the Civil War. B. 1911. C. the mid-1930s. D. the late-1990s.