Which of the following factors could cause the economy to experience supply-side inflation?
A. Develop new technology to increase productivity.
B. government laws which say that the average work week must be reduced by one hour every year
C. increased security about jobs and future income
D. Increase the number of immigrants allowed into the country.
Answer: B
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How might a clothing store differentiate itself from its competitors? List at least three ways
Government picking winners
A) is the market model. B) is the central planning model. C) can be done with really good data. D) none of these choices.
These are the shares of the seven firms in Macland’s sweater industry. Sally’s Sweaters: 36%, Jack’s Sweaters: 24%, Mira’s Sweaters: 2%, Nils’ Sweaters: 8%, Hans’ Sweaters: 3%, Pedro’s Sweaters: 7%, Jules’ Sweaters 20%. What is the HH index?
a. 88 b. 7,744 c. 2,398 d. 10,000
The effectiveness of automatic stabilizers is limited by the fact that
A. Congress usually acts slowly in legislating changes in tax rates. B. The stabilizers tend to raise the average price level regardless of the phase of the business cycle. C. The offset that the stabilizers provide to a change in private spending is less than the change in private spending. D. Transfer payments and subsidies increase during inflation and decrease during recessions.