Discouraged workers are not counted as unemployed so the true unemployment rate might be higher than listed
Indicate whether the statement is true or false
true
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
Graphing the value of marginal product against the quantity of a given input hired looks like which of the following curves?
A. The demand curve B. The total revenue curve C. The total product curve D. The value product curve
Things that a firm owns that have ________ are classified as assets.
A. no value B. worth C. negative value D. any of the above
If firms focus on quality
A) sales always go up. B) market share grows. C) they realize that it is not free. D) they are developing a common core competency. E) competitors follow suit making it less profitable.