When a pharmaceutical company advertises that its allergy medication is clinically proven to alleviate hay fever symptoms, the pharmaceutical company is engaging in
A. direct marketing.
B. trademark protection.
C. informational advertising.
D. persuasive advertising.
Answer: C
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The above figure shows the supply and demand curves for high-skilled and low-skilled labor. High-skilled workers earn a wage rate of
A) $15 per hour. B) $12 per hour. C) $9 per hour. D) $6 per hour.
Structural unemployment occurs because of fundamental changes in the nature of the economy
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying figure.
An economy in short-run equilibrium at point A has a(n) ________ gap. The gap could be eliminated by the self-correcting mechanism of the economy and eventually achieve long-run equilibrium at point ________ or the central bank could intervene with monetary easing establishing the long-run equilibrium at point ________.
A. recessionary; C; B B. expansionary; C; B C. expansionary; B; C D. recessionary; B; C
Which of the following is an unconventional monetary policy?
A. Lending to banks in unprecedented volume B. Lending to companies other than banks C. Reducing the federal funds rate to zero D. All of these are unconventional monetary policies.