Short-term economic fluctuations are ________ in length and severity and ________ to predict.

A. irregular; easy
B. regular; easy
C. regular; difficult
D. irregular; difficult


Answer: D

Economics

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Consider the labor market depicted in the above figure. The competitive equilibrium would be for ________ hours of employment

A) 200 B) 400 C) 600 D) None of the above answers is correct.

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Why is the advent of monopoly likely to shift cost curves?

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When the overall level of prices in the economy is increasing, economists say that the economy is experiencing

a. economic growth. b. stagflation. c. inflation. d. deflation.

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An individual who pays for a vehicle has incurred a

A) social cost. B) private cost. C) negative externality. D) positive externality.

Economics