Which of the following is the best indication that stagflation is occurring?
A. Rising unemployment rate and rising inflation rate.
B. Falling unemployment rate and rising inflation rate.
C. Rising unemployment rate and falling inflation rate.
D. Falling unemployment rate and falling inflation rate.
Answer: A
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In pure competition, the average revenue of a firm always equals:
A. total revenue. B. average total cost. C. marginal cost. D. marginal revenue.
If the quantity of a product demanded is greater than the quantity of a product supplied, there is pressure in the market to push the price downward.
Answer the following statement true (T) or false (F)
Which of the following will occur when an economy is faced with a liquidity trap situation?
A) A reduction in the price level will cause a rightward shift in the aggregate demand curve. B) A reduction in the price level will cause a leftward shift in the aggregate demand curve. C) The aggregate demand curve is now vertical. D) The aggregate demand curve is now upward sloping.
In 2011, these states saw challenges to the collective bargaining rights of their teachers.
A. Nevada and Texas B. Alabama and Florida C. New York and California D. Wisconsin and Indiana