One result of an unanticipated reduction in aggregate demand would be that
A. there would be no change in hiring.
B. fewer firms would be hiring.
C. the price level would rise.
D. more firms would be hiring.
Answer: B
You might also like to view...
Refer to Scenario 13.9. The equilibrium of this game, if played only once, is that
A) both firms pollute. B) only Lago pollutes. C) only Nessie pollutes. D) neither firm pollutes. E) the firms choose a mixed strategy.
If Good A has fewer close substitutes than Good B, then the supply of Good A is less elastic than that of Good B
a. True b. False Indicate whether the statement is true or false
"Excludability" means that:
A. buyers can restrict other buyers from making purchases in that market. B. government can prevent consumers from buying the good. C. when one person buys a good, it is not available for others to buy. D. sellers can restrict the benefits of a good to those who pay for it.
Just because a firm can deter entry by a competitor does not mean it will deter entry.
Answer the following statement true (T) or false (F)