The law of demand includes the statement "other things being equal." These other things include all of the following EXCEPT
A. incomes.
B. the price of the good itself.
C. tastes.
D. the price of related goods.
Answer: B
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In the short-run, real GDP can be greater than or less than potential GDP because in the short run the
A) money wage rate is fixed. B) quantity of capital is fixed. C) full-employment level of employment is fixed. D) price level is fixed.
The indirect channel of finance runs through ________, where securities ________ purchased by the savers themselves
A) financial markets, are B) financial markets, are not C) financial intermediaries, are D) financial intermediaries, are not
In game in Scenario 13.8, what is the Nash equilibrium?
A) The strategy pair associated with $1, $10. B) The strategy pair associated with $2, $0. C) The strategy pair associated with $1, -$5000. D) The strategy pair associated with $2, $2. E) There is no Nash equilibrium in pure strategies.
Why might it be wrong to include self-proclaimed discouraged workers in calculations of the unemployment rate?
A. By definition, discouraged workers are only temporarily laid-off, and they will return to a job shortly. B. Discouraged workers receive federal assistance. C. Discouraged workers are already included in official unemployment statistics as long as no one else in their household is working. D. Discouraged workers likely have a job but are discouraged only because they would like a better-paying job. E. Some discouraged workers are taking advantage of a low-wage period to consume large amounts of leisure.