An adverse aggregate supply shock could result from:
A. a sharp rise in productivity.
B. a rapid rise in oil prices.
C. a decline in wages.
D. an appreciation of the dollar.
B. a rapid rise in oil prices.
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Jim Smith would like to work, but has not looked for work in the past four weeks because he does not believe any jobs are available. In the official employment statistics, Jim is classified as:
A. underemployed. B. unemployed. C. employed. D. out of the labor force.
All of the following can be used to reduce risk except which one?
A) settling a law suit B) entering into litigation C) purchasing insurance D) diversifying your stock portfolio
According to the following graph, if U2 is the maximum attainable utility, the price of X is
The price of Y is $50.
A. $10. B. $25. C. $15. D. $20. E. none of the above
Questions 4 and 5 show that the demand curve facing any firm and hence the pricing policy it chooses
What will be an ideal response?