Official unemployment statistics in the United States are derived from a monthly government survey of approximately ________ households
A) 300
B) 2000
C) 60,000
D) 420,000
C
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The apparent stickiness of the price of goods sold by oligopolists can be explained by the
A. contestable markets model. B. sales maximization model. C. kinked demand curve model. D. entry deterrence model.
Borrowers:
A. gain from inflation, as the value of their debt decreases. B. lose with inflation, as the value of their debt decreases. C. gain from inflation, as the value of their debt increases. D. lose with inflation, as the value of their debt increases.
One explanation for the downward slope of the aggregate demand curve is that when the price level increase, which of the following will decrease?
A) Real value of assets B) Price of foreign goods C) Prices of substitute goods D) Expectations of future prices E) Government deficits
Two-part tariffs allow the monopoly firm to capture all of the potential consumer surplus generated by the sale of its product
Indicate whether the statement is true or false