Suppose goods A and B are substitutes for each other. We would expect the cross-price elasticity between these two goods to be
a. positive.
b. negative.
c. either positive or negative. It depends whether A and B are normal goods or inferior goods.
d. either positive or negative. It depends whether the current price level is on the elastic or inelastic portion of the demand curve.
a
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suggest. Indicate whether the statement is true or false
The cost of cyclical unemployment is
a. spread broadly among the U.S. population b. the inflationary impact of increased federal expenditures on the unemployed c. growing as the U.S. population ages d. especially felt by recent college graduates e. the lost output that results
The first major decision in job analysis is _____.
A. how to collect information B. who to involve C. what information is needed D. why perform job analysis
Describe the probable impact of an increase in government spending assuming no change in taxes or private spending and less than full-employment output.
What will be an ideal response?