As you move from left to right, the aggregate demand curve _____.
(A) May slope upward or downward
(B) Slopes upward
(C) Slopes downward
(D) Is horizontal
Ans: (C) Slopes downward
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A binding price floor causes a shortage in the market
a. True b. False Indicate whether the statement is true or false
At the economy's natural rate of unemployment:
A. the economy achieves its potential output. B. there is only a relatively small amount of cyclical unemployment. C. only frictional unemployment exists. D. only structural unemployment exists.
By the percentage of each type of business organization in the United States, rank sole proprietorships, partnerships, and corporations in terms of the number of firms, revenue, and profits
What will be an ideal response?
Why is the short-run demand curve for labor downward sloping?
What will be an ideal response?