According to the classical economists, an increase in unemployment
A. could not occur.
B. would be made worse by a decrease in interest rates.
C. would be reduced by an increase in interest rates, wages, and prices.
D. would be reduced by a decrease in interest rates, wages, and prices.
D. would be reduced by a decrease in interest rates, wages, and prices.
You might also like to view...
In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during April 2014, when the average price was $3.60 per gallon
Based on these numbers, what was the price elasticity of demand for gasoline from April 2014 to December 2014? A) -0.02 B) -0.19 C) -1.01 D) -2.26
The average level of effective protection has exceeded 300% for which of the following countries?
(a) Pakistan and Uruguay. (b) Argentina and Brazil. (c) Philippines and Mexico. (d) India and China.
A rise in the multifactor productivity index means that at each (K/N) we have (Y/N) ________, which shifts the (S/N) curve ________, resulting in a movement of the steady-state intersection to the ________
A) rising, downward, left B) rising, upward, right C) rising, downward, right D) falling, upward, left E) falling, downward, left
Production indifference curves bow inward toward the graph’s origin because of
A. the law of diminishing returns to a single input. B. the law of diminishing marginal returns to scale. C. constant returns to scale. D. minimizing costs in the short run.