Refer to the figure. Assuming this market is representative of the economy as a whole, a negative demand shock will most likely:
A. cause inflation.
B. increase unemployment.
C. lower prices but leave output unaffected.
D. reduce both prices and output.
B. increase unemployment.
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__________ is at the core of work-family interchange
a. Social support b. Passion c. Clarity d. Tagline
If interest rates in the United States are higher than interest rates in Europe, what is most likely to happen?
a. Supply of dollars will increase, causing appreciation of the dollar. b. Supply of euros will increase, causing appreciation of the euro. c. Demand for dollars will increase causing appreciation of the dollar. d. Demand for dollars will decrease, causing depreciation of the dollar.
The market clearing price of corn has just increased. Which of the following could have caused this change?
A) a reduction in demand B) a reduction in supply C) an increase in quantity demanded D) an increase in quantity supplied
Generally, expenses on a truck are a large part of a consumer's budget, so the demand for trucks is more likely to be
A. inelastic. B. perfectly elastic. C. elastic. D. unit elastic.