The 2008-2009 recession must have been a result of ________ because otherwise the combination of the ________ cannot be explained
A) a decrease in AD and an increase in AS; rise in the price level and the decrease in real GDP
B) a decrease in AD and AS; rise in the price level and the decrease in real GDP
C) a decrease in AD and AS; decrease in the price level and the decrease in real GDP
D) a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP
E) an increase in AD and AS; rise in the price level and the decrease in real GDP
B
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Costs in a natural monopoly are lower because there is only one producer
a. True b. False Indicate whether the statement is true or false
If Macland’s growth rate is consistently 8 percent, how many years will it take to double its standard of living?
a. 2 years b. 8 years c. 9 years d. 12 years
The amount of money actually received in a particular period is called:
A. nominal income. B. real income. C. a cost-of-living index. D. consumer surplus.
To motivate line employees and keep them interested in their work, supervisors may institute any of the following BUT
a. job specialization b. job rotation c. mentoring d. four day work weeks