A statement that "a hair stylist should not have to obtain a cosmetology license" is an example of what kind of statement?
A. Biased
B. Positive
C. Uninformed
D. Normative
Answer: D
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Suppose Tinsel Town Videos lowers the price of its movie club membership by 10 percent and as a result, CineArts Videos experienced a 16 percent decline in its movie club membership
What is the value of the cross-price elasticity between the two movie club memberships? A) -1.6 B) -0.625 C) 0.625 D) 1.6
If the inflation rate is decreasing while unemployment is increasing: a. the short-run Phillips curve must have shifted right
b. the short-run Phillips curve must have shifted left. c. it must have involved a movement along the short-run Phillips curve d. it would be inconsistent with any possible Phillips curve scenario.
According to the structural stagnation model, an increasing trade deficit translates into ________ unemployment and ________ globally-constrained potential output.
A. higher; lower B. lower; higher C. lower; lower D. higher; higher
A sudden increase in confidence by the business community could best be represented by
A. An aggregate expenditure curve shifting downward. B. An aggregate expenditure curve shifting upward. C. The AS curve shifting downward. D. The consumption curve shifting downward.