The SWOT matrix includes what four components?
A. Strengths, weaknesses, opportunities, threats
B. Situations, weaknesses, opportunities, threats
C. Strengths, weaknesses, obstacles, threats
D. Situations, weaknesses, observations, threats
A. Strengths, weaknesses, opportunities, threats
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An increase in aggregate demand results in
A) a higher unemployment rate and a lower price level. B) a decrease in real GDP and a decrease in the price level. C) a lower unemployment rate and a lower price level. D) an increase in real GDP and a decrease in the price level. E) a lower unemployment rate and a higher price level.
Wages are comparatively low in markets where demand for labor is high and supply is low.
Answer the following statement true (T) or false (F)
According to the Keynesian view, the rapid increase in government spending and large budget deficits in response to the recession of 2008-2009 would
a. slow the recovery process and result in weak long-term growth of real GDP. b. speed the recovery process and provide the foundation for strong long-term growth of real GDP. c. stimulate a more rapid recovery, but cause the economy to fall back into a recession in the near future. d. slow the recovery process, but provide the foundation for rapid long-term growth of real GDP.
If we observe that when the price of chocolate increases by 10%, quantity demanded falls by 5%, then the demand for chocolate is price inelastic
a. True b. False Indicate whether the statement is true or false