Refer to the figures. Which figure(s) represent(s) a situation where prices are sticky?
A. A only.
B. B only.
C. Both A and B.
D. Neither A nor B.
B. B only.
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In a closed economy, without the government:
A) savings equals net exports. B) consumption equals investment. C) consumption equals savings. D) savings equals investment.
In the short run, if price is below AC, maximizing profits really means minimizing total losses
a. True b. False Indicate whether the statement is true or false
If there is a large and sudden but temporary increase in the price of oil, which way does the short-run Phillips curve shift? If the central bank does not respond what happens to inflation and the unemployment rate in the long run?
In all its corporate communications, Always Round Tire features a factory worker looking at the camera saying, "Just keep it rolling!" The reason for this logo is that it
A. indicates the expectations of the workers. B. indicates that piece rates are the only wages the workers receive. C. represents the image that the company wishes to present to its workers. D. represents the company's organizational architecture.