Sectoral shifts in demand for output
a. create structural unemployment.
b. immediately reduce unemployment.
c. increase unemployment due to job search.
d. do not affect demand for labor.
c
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
In the above table, the efficient quantity of brownies is produced when the price of a brownie is equal to
A) 0. B) 40¢. C) 60¢. D) 80¢.
Which of the following entry methods has the most direct effect on the firm's reputation?
A) a merger with a foreign firm B) joint venture C) direct franchising D) master franchising
The Phillips curve reflects
a. the short-run tradeoff between inflation and unemployment b. short- and long-run tradeoffs between unemployment and inflation c. the long-run tradeoff between inflation and unemployment d. the income distribution effects of inflation e. short-run fluctuations in GDP