Because prices are sticky, positive demand shock will lead to
A.
No change in unemployment
B.
An increase in unemployment
C.
A decrease in unemployment
D.
An unpredictable change in unemployment
C.
A decrease in unemployment
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Emily is a writer. She buys pens and paper for $20 and writes a 500-page novel that she sells to a publishing company for $500,000. If the publisher prints 1 million copies that sell for $25 each, what is the contribution to GDP of Emily's novel?
A) $25 million B) $20 million C) $500,000 D) $50,000
Refer to Table 4-7. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor demanded?
A) 80,000 B) 550,000 C) 630,000 D) 1,180,000
The long boom occurred in the
A) 1920s and 1930s. B) 1940s and 1950s. C) 1960s and 1970s. D) 1980s and 1990s.
Retained earnings are the same thing as "plowback."
a. True b. False Indicate whether the statement is true or false