Structural unemployment is often thought to explain relatively short spells of unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose Bob works for Mary as a proofreader. Mary and Bob fall deeply in love, marry, and have eight children. Bob stops working for Mary in order to care for the children. What will be the effect on GDP?
A) GDP will increase. B) GDP will decrease. C) GDP will not change. D) GDP may increase or may decrease depending on inflation.
The U.K Bribery Act is ________ harsh than the U.S. Foreign Corrupt Practice Act (FCPA) as all facilitating payments ________ illegal.
A) more; are not B) more; are C) less; are D) less; are not
A market structure wherein one firm among several is dominant is referred to as
a. unbalanced oligopoly b. monopolistic competition c. perfect competition d. balanced oligopoly e. monopoly
To combat inflation in 1955 and 1956, the Fed reduced the money supply. In terms of the AS/AD model, this change should have:
A. made the AD curve flatter. B. shifted the AD curve to the right. C. shifted the AD curve to the left. D. made the AD curve steeper.