Which of the following is an assumption of the aggregate demand-aggregate supply model?
A. Capital stock cannot be varied in the short run.
B. An economy is always at full-employment level in the short run.
C. Producers are reluctant to change prices of their products even in the long run.
D. Long-run aggregate supply curve slopes upward.
Answer: A
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John is a sales representative for a pharmaceutical company, and he specializes in the sales of antibiotics to hospitals. What should John do to ensure that the pharmacists who place orders for medicines remember the brand of antibiotics that he sells?
A. He should give them free vouchers and medical insurance. B. He should use data mining strategies. C. He should offer bribes to the concerned pharmacists. D. He should give them useful items imprinted with his company's name. E. He should compel them to place regular orders with his company.
The primary motivation of tariffs is to
A. raise government revenue at the cost of importers. B. raise the price of imports, to protect domestic goods. C. encourage foreign consumption. D. punish countries over political issues.
Using to Katz’s three skill model, to what degree are each of the three skills needed at the top management level?
What will be an ideal response?
Process costing is most appropriate when manufacturing large batches of homogenous products
Indicate whether the statement is true or false