If economic fluctuations originate on the supply side,
a. there will be no relationship between unemployment and inflation.
b. real wage increases will be necessary to eliminate unemployment.
c. inflation and unemployment will be negatively related.
d. inflation and unemployment will be positively related.
d
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Identify the correct statement
a. The United States was an international net debtor from the end of World War I until the mid-1980s. b. The United States was an international net creditor from the end of World War I until the mid-1980s. c. In 1945, the United States became an international net debtor for the first time in almost 70 years. d. In 1985, the United States became an international net creditor for the first time in almost 70 years. e. The net creditor status of the United States has grown steadily since 1985.
Collusion is:
A. the act of firms working together to make decisions about price and quantity. B. buyers acting in unison against a company in efforts to change its practices. C. the act of firms undercutting one another in competition until zero profits are earned. D. None of these statements is true.
A minimum wage set at the competitive market wage level affects the monopsonist by
A) altering its marginal expenditure curve and raising its employment level. B) reducing its output. C) altering the market supply curve. D) altering its marginal expenditure curve and lowering its employment level.
When disposable income rises, autonomous consumption ___________.
Fill in the blank(s) with the appropriate word(s).