Informational advertising is mostly used for
A) an inexperience good.
B) a search good.
C) an experience good.
D) a persuasive good.
Answer: B
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In the above figure, the short-run aggregate supply curve is SAS1. If technology advances, there is
A) an upward movement along SAS1. B) a downward movement along SAS1. C) a shift to SAS0. D) a shift to SAS2.
The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from CDs when the sixth CD is purchased?
A) 40 units B) 30 units C) 15 units D) 5 units
If nominal GDP increases, which of the following will always take place?
A) Output will have increased but prices will have fallen or remained the same. B) Prices will have increased but output will have fallen or remained the same. C) Both output and prices will have increased. D) none of the above
Which of the following is true of seasonal unemployment?
a. It is not included in calculating the natural rate of unemployment. b. It is reflected in the GDP gap. c. It is always present, even in a healthy economy. d. It causes the natural rate of unemployment to rise. e. It inflates potential GDP.