Unpredictable inflation can cause businesses to:
A. have a hard time planning future production.
B. cease production until they know how to adjust for inflation.
C. restrict output and stockpile inventory.
D. increase production due to expecting future price level changes.
A. have a hard time planning future production.
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Economics is a part of the
A) social sciences. B) natural sciences. C) biological sciences. D) organizational sciences.
If there is employment discrimination against minorities, this will cause the:
a. supply of their services to increase, and their wages to fall. b. demand for their services to decline, and their wages to fall. c. supply of their services to decline, and their wages to rise. d. demand for their services to decline, and their wages to rise.
Because its market share is insignificant, a perfectly competitive firm faces an inelastic demand curve
Indicate whether the statement is true or false
If consumer confidence rises and inflation expectations remain unchanged, what happens to inflation and unemployment? Defend your answer