The best guess is that the cross elasticity between Rolaids and Tums, the two leading antacids in the country, is
a. negative
b. positive
c. zero
d. one
e. infinite
B
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Aggregate supply increases when:
a. wage rates decrease while the economy's price level remains unchanged. b. resource availability is reduced. c. there are fewer workers. d. there is less capital and the price level remains unchanged. e. there are increased inflationary expectations of labor.
Debit cards: a. allow individuals to prepay a certain amount of money to the card and then use it to make purchases
b. allow individuals to use it to make purchases and then pay a certain amount of money to the card. c. perform the same functions as money as long as the cardholder's bank account has sufficient funds to allow the transactions. d. allow easy loans to the individuals who hold the card.
If the real risk-free interest rate falls, the:
a. Demand curve for real loanable funds rises. b. Demand curve for real loanable funds falls. c. Supply curve of real loanable funds rises. d. None of the above.
If people who report being unemployed are not, in fact, trying hard to find a job, then the reported unemployment rate will be biased upward
a. True b. False Indicate whether the statement is true or false