Which of the following is not an aggregate-demand-side explanation of business cycles?
A. The real-business-cycle theory.
B. The idea of coordination failures.
C. Mainstream macroeconomics.
D. Monetarism.
A. The real-business-cycle theory.
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Which of the following is not a shortcoming of the concentration ratio as a measure of the extent of competition in an industry?
A) Concentration ratios are calculated for the national market, even though the competition in some industries is mainly local. B) Concentration ratios do not address the fact that competition sometimes exists between firms in different industries. C) Concentration ratios assign weights to only the four largest firms in an industry. D) Concentration ratios do not include sales in the United States by foreign firms.
Frictional unemployment refers to:
a. unemployment related to the ups and downs of the business cycle. b. workers who are between jobs. c. people who spend relatively long periods out of work. d. people who are out of work and have no job skills.
Teesha is a producer of leather belts and bags. She has just learned that a new tax is going to be assessed on leather goods. If Teesha understands how taxes influence pricing, what is her most likely reaction?
a. She is upset because she knows she will receive less for her products. b. She is happy because she knows she will receive more for her products. c. She does not care because she knows this will not affect her products. d. She is happy because she will have more producer surplus on her products.
Capital inflows are desirable because they increase investment in a country
Indicate whether the statement is true or false