An unanticipated reduction in the level of prices in the goods and services market, which results in a temporary increase in real wage rates, will
a. increase the natural rate of unemployment.
b. reduce the natural rate of unemployment.
c. result in an actual rate of unemployment that is less than the natural rate of unemployment.
d. result in an actual rate of unemployment that is greater than the natural rate of unemployment.
D
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If Dell Computer finds that its marginal cost exceeds its marginal revenue on a model of laptop, then to maximize profit, it will
a. increase output if it is a price searcher, but this may not be proper if it is a price taker. b. increase output if it is a price taker, but this may not be proper if it is a price searcher. c. decrease output, regardless of whether it is a price taker or a price searcher. d. increase output, regardless of whether it is a price taker or a price searcher.
If computers and software are complements, then
A) a fall in the price of computers will increase the demand for software and, ceteris paribus, the price of software will rise. B) a rise in the price of computers will decrease the demand for software and, ceteris paribus, the price of software will rise. C) a fall in the price of computers will decrease the demand for software and, ceteris paribus, the price of software will fall. D) a rise in the price of software will increase the demand for computers and, ceteris paribus, the price of computers will rise. E) a fall in the price of software will decrease the demand for computers and, ceteris paribus, the price of computers will fall.
The more specialized and highly valued a worker’s skills are,
A. the lower is the worker’s stock of human capital. B. the more likely the worker is to earn economic rent. C. the less likely the worker is to sell the skills on the primary labor market. D. the more likely the worker is to be directly affected by minimum wage legislation.
Refer to the graphs shown. Assume the graph reflects demand in the egg market. Which arrow best captures the impact of increased consumer concern about cholesterol on the egg market? 
A. A B. B C. C D. D