The unemployment compensation program:
A. makes recessions more severe.
B. makes recession less severe.
C. makes recessions more severe and inflationary episodes less severe.
D. makes recessions less severe and inflationary episodes more severe.
Answer: B
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The apparent stickiness of the price of goods sold by oligopolists can be explained by the
a. contestable markets model. b. sales maximization model. c. kinked demand curve model. d. entry deterrence model.
If speculators gained greater confidence in foreign economies so that they wanted to buy more assets of foreign countries and fewer U.S. bonds,
a. the dollar would appreciate which would cause aggregate demand to shift right. b. the dollar would appreciate which would cause aggregate demand to shift left. c. the dollar would depreciate which would cause aggregate demand to shift right. d. the dollar would depreciate which would cause aggregate demand to shift left.
A decrease in the price of digital cameras will:
A. cause the demand curve for memory cards to become vertical. B. shift the demand curve for memory cards to the right. C. shift the demand curve for memory cards to the left. D. not affect the demand for memory cards.
A situation in which the price charged is less than society's opportunity cost would lead to
A. marginal cost pricing. B. an efficient amount being produced. C. too much being produced. D. too little being produced.