The greatest expansion of the automobile industry occurred in the decade of the ______.
Fill in the blank(s) with the appropriate word(s).
1920s
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Both positive nor negative supply shocks a. Change AD
b. Permanently change real output in an economy. c. Change the price level in the long run. d. None of the above are true
Which of the following best describes stagflation?
What will be an ideal response?
Answer the following statement true (T) or false (F)
1) Heuristics generally help people to make decisions faster, but also to make more errors. 2) Heuristics help people make faster, error-free decisions. 3) Recognition heuristics help advertisers gain customers. 4) Heuristics generally operate in brain System 2.
Compensating differences in wages, pay workers for:
A. differences in worker training and skills. B. differences in the nonmonetary characteristics of jobs. C. geographic immobility. D. discrimination in hiring and firing.