In the vertical segment of the aggregate supply curve,
a. real GDP increases with increasing unemployment
b. competition among producers for already-employed resources forces the price level downward
c. the economy is at full employment
d. producers are able to hire more workers at lower wages
e. increases in real GDP come only at the expense of higher price levels
C
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In recent years, Taiwan has experienced increases in savings and investment. As a result of the higher investment and saving, we expect
i. increases in physical capital. ii. increases in the inflation rate. iii. advances in technology. A) i, ii and iii B) ii and iii C) ii only D) i and iii E) i and ii
What are the factors that affect the supply curve for labor?
What will be an ideal response?
When the Bureau of labor Statistics makes seasonal adjustments in the labor force data, what is it likely to do with the number of people in the labor force during the month of June?
A) Lower the number each year. B) Raise the number each year. C) Lower the number about as often as it raises the number in the long run. D) Multiply the number by the labor force participation rate.
In the Alcoa case, the Supreme Court abandoned the per se rule and established the rule of reason
a. True b. False Indicate whether the statement is true or false