In the graph showing a reduction in the growth of the money supply, the natural rate of unemployment of the economy shown is ______.
a. 3 percent
b. 5 percent
c. 6 percent
d. 7 percent
b. 5 percent
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Refer to the above figure. Suppose the economy is now at point B. In the long run, the price level will most likely be.
A. 20 B. 40 C. 45 D. higher than 45
"Personalized pricing" and "group pricing" are examples of:
A) first-degree and second-degree price discrimination, respectively. B) second-degree and third-degree price discrimination, respectively. C) first-degree price discrimination. D) first-degree and third-degree price discrimination, respectively.
Which of the following is closely associated with activists?
a. external shocks to the economy b. aggregate demand management c. policy changes that come follow fixed rules d. avoiding supply shocks
Managers at Concord Construction have determined that the firm’s revenues do not cover the firm’s average variable costs. Which term describes the situation at Concord Construction?
a. The shutdown point b. Allocative inefficiency c. Diseconomies of scale d. The price taking point