It is reasonable to assume that in a developed economy technological shocks occur ________ across industries, which ________ the RBC theory of business cycles
A) randomly, opposes
B) randomly, supports
C) uniformly, opposes
D) uniformly, supports
A
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Since a firm in a monopolistically competitive market faces a
a. downward-sloping demand curve, it will always operate with excess capacity. b. downward-sloping demand curve, it will always operate at its efficient scale. c. perfectly elastic demand curve, it will always operate with excess capacity. d. perfectly inelastic demand curve, it will always operate at its efficient scale.
In regression analysis, the standard errors should not always be included along with the estimated coefficients. ?
Answer the following statement true (T) or false (F)
Suppose it is observed that the equilibrium wage and employment level have both risen in a competitive labor market. One can infer that the:
A. supply of labor has decreased. B. demand for labor has decreased. C. demand for labor has increased. D. supply of labor has increased.
What might cause a decrease in supply today?
A. Sellers' expectations that the product's price will fall in the future. B. An increase in the product's own price. C. A decrease in the price of one of the inputs used to make the product. D. Sellers' expectations that the product's price will rise in the future.