One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired.
B. prices tend to adjust more quickly downward than upward.
C. wages are sticky downward.
D. input prices increase with output prices.
Answer: C
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A decrease in the price of VCRs will increase demand for video cassettes.
Answer the following statement true (T) or false (F)
_____________ rhythms are the daily rhythmic activity cycles, based on 24-hour intervals, that humans experience
a. Circadian b. Cybernetic c. Dynamic d. Calibrated
According to the rule of 70, a nation that has an economic growth rate of 5 percent will double its output in ______ years.
a. 14 b. 35 c. 3.5 d. 7
A variable measures:
A. something that always has the same value. B. something that can take on different values. C. factors that occur with high degrees of uncertainty. D. the degree to which something varies over time.