A law that restricts the ability of hotels/motels to advertise on billboards outside of a resort community would likely lead to
a. no change in profits for all hotels/motels.
b. reduced efficiency of local lodging markets.
c. a request by consumers to increase the number of billboards.
d. increased price competition among hotels/motels in the community.
b
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The table above gives the number of people employed and the number of people unemployed in Canada, Japan, and the United States on the average during 1999
In 1999, the unemployment rate in ________ was the highest and the unemployment rate in ________ was the lowest. A) the United States; Japan B) Canada; the United States C) Japan; Canada D) Canada; Japan E) Japan; the United States
Activist macroeconomists believe that fiscal and monetary policy ______.
a. have little or no function in trying to influence the economy b. can stimulate or dampen the economy in the short-run c. are only effective tools when applied over the long-run d. are only effective when they are used in ways the public was not expecting
The horizontal intercept of the budget line is:
A. M/PY. B. -PX/PY. C. M/PX. D. PYY.
The aggregate demand curve shows
A. an inverse relationship between the price level and real GDP. B. a direct relationship between changes in the price level and changes in real GDP. C. real GDP does not change as the price level changes. D. an inverse relationship between changes in the price level and changes in nominal GDP.