Which of the following theories fails to explain persistent unemployment?
A) classical theory
B) Friedman and Phelps fooling theory
C) new Keynesian theory
D) Both A and B are correct.
A
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Government regulations that increase the cost to the employer of hiring workers will:
A. increase the supply of labor. B. increase the demand for labor. C. decrease the supply of labor. D. decrease the demand for labor.
The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. Initially, a slice of pizza costs $4 and a can of Pepsi $2. Suppose Priscilla has $12 to spend
If the price of pizza falls to $2, Priscilla will choose to A) consume more pizza. B) consume more Pepsi. C) consume less pizza. D) Both answers A and B are correct.
Why are economists less worried about industry concentration than they once were?
What will be an ideal response?
In the short run, if a perfectly competitive firm is producing at a price below average total cost, its economic profit is:
a. positive. b. negative. c. zero. d. normal.