Which of the following will cause a decrease in the demand for peanut butter?
a. an increase in the supply of peanut butter
b. an increase in the price of peanut butter
c. a doubling of the price of bread
d. a drought in Georgia that destroyed 30 percent of the peanut crop
e. an increase in consumer income
C
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For movements along the short-run aggregate supply curve
A) the money wage rate is constant. B) the real wage rate changes. C) potential GDP remains constant. D) All of the above are correct.
The increased generosity of unemployment insurance programs in Canada as compared to the United States should
A) raise the duration of unemployment in the United States. B) have no impact on the duration of unemployment in Canada. C) increase the duration of unemployment in Canada as compared to the United States. D) decrease the duration of unemployment in Canada as compared to the United States.
Jim is haggling with a car dealer over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position could get worse if
a. The customer leaves b. Another customer enters the store, interested in the car c. He gets an offer from another seller d. All of the above
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts b. the Vice President want to negotiate more aggressively c. the sales staff want to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale