Due to political instability in a country, there was a sudden decrease in the demand for goods. The unpredicted decrease in demand for goods caused a _____
a. macroeconomic shortage
b. macroeconomic surplus
c. budget surplus
d. depression
b
You might also like to view...
The highest tariff rates of the twentieth century in the United States arose as a result of which law?
A) the Robinson-Patman Act B) the Tariff of Abominations Act C) the Wheeler-Lea Act D) the Smoot-Hawley Act
What are the competitive equilibrium wage and employment level in Figure 31.1?
A. $11; 32 workers. B. $8; 10 workers. C. $4; 13 workers. D. $5; 16 workers.
The supply schedule shows the specific quantity of a good that suppliers are willing and able to:
A. demand at various prices. B. produce at various costs. C. hold back from the market when competition is reduced. D. provide at different prices.
Using the Rule of 72, how long will it take something growing at 2% per year to double?
A. 36 years B. 100 years C. 144 years D. 50 years