What are the four different characteristics that data exhibit when undertaking time-series forecasts?
What will be an ideal response?
Trend; Cyclical Fluctuations; Seasonal Variation; Irregular Movements
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In the above figure, the economy is initially at point B. If the Fed decreases the quantity of money, there is
A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
According to the Heckscher-Ohlin theory, comparative advantage is based on:
a. labor productivity differences. b. product life cycles. c. the availability of skilled resources. d. consumer tastes and preferences. e. the relative abundance of the factors of production.
Suppose that you're the manager of a firm. You notice that when you raised your price from $10 to $11, sales fell from 500 to 400. Should you raise your price more?
What will be an ideal response?
Refer to the above figure. A minimum wage has been set at WM. The amount of unemployment is
A. zero. B. at Qe. C. QSÂ minus QD. D. not computable from the information given.