In the United States, the total amount of work time lost to strikes is less than the amount of work time lost for coffee breaks.
Answer the following statement true (T) or false (F)
True
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Suppose that when the price of milo falls by 10 percent, the quantity of bournvita demanded decreases by 5 percent.
In the basic Keynesian model, a tax increase:
A. reduces short-run equilibrium output. B. increases potential output. C. reduces potential output. D. increases short-run equilibrium output.
Our trade balance in merchandise is ________ and our trade balance in services is __________.
A. positive; positive B. negative; negative C. negative; positive D. positive; negative
Exhibit 4-2 Supply and demand curves
The market shown in Exhibit 4-2 is initially in equilibrium at E3. Changes in market conditions result in a new equilibrium at E4. This change is stated as a(n):
A. increase in demand and an increase in supply. B. decrease in demand and a decrease in quantity supplied. C. increase in supply and an increase in quantity demanded. D. decrease in supply and a decrease in quantity demanded.