Although there is a strong positive correlation between economic development and democracy, __________ can be considered a notable counterexample.
Fill in the blank(s) with the appropriate word(s).
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Unemployment that is of a short duration to allow time to find a new job is:
a. structural unemployment. b. cyclical unemployment. c. frictional unemployment. d. durational unemployment.
The long-run average total cost curve of a firm envelops many short-run average total cost curves
a. True b. False Indicate whether the statement is true or false
Refer to Figure 2.1. A movement from point a to point c is most likely caused by:
A. a decrease in the price of the good.
B. an increase in consumers' incomes, assuming the good is normal.
C. a decrease in the price of a complementary good.
D. an increase in the price of the good.
The formula for the multiplier is
A. 1/(1 - MPC). B. 1 - MPS. C. 1 - MPC. D. 1/(1 - MPS).