Which of the following is a range on the eclectic or general view of the aggregate supply curve?
a. Keynesian range.
b. Intermediate range.
c. Classical range.
d. All of these.
d
Economics
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In a competitive labor market, if the demand for labor increases, labor demand will shift to the:
A. left and wages will decrease. B. left and wages will increase. C. right and wages will decrease. D. right and wages will increase.
Economics
The longest and most severe recession in the United States since 1925 began in:
A. 1929. B. 1957. C. 1945. D. 1982.
Economics
Which of the following is an example of an externality?
A. Pollution. B. Inflation. C. Government failure. D. Laissez faire.
Economics
The demand for inputs is ________ because it depends on the demand for outputs.
A. a derived demand B. inconsequential C. unrelated to cost D. a secondary demand
Economics