In the short run, an increase in the money supply is likely to lead to ______ inflation and ______ unemployment
Fill in the blank(s) with correct word
higher; lower
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What is a broad definition for an investment?
What will be an ideal response?
When the TR and TC curves have the same slope,
A) they are the furthest from each other. B) they are closest to each other. C) they intersect each other. D) profit is negative. E) profit is zero.
Which of the following is characteristic of a perfectly competitive market? a. There is free entry into and exit from the market
b. Individual firms can exert a perceptible influence on the market price. c. Firms in the market produce a differentiated product. d. All of the above are true.
Wages typically vary among individuals for all of the following reasons, except one. Which is the exception?
a. differences in ability b. geographical differences in the cost of living c. differences in educational attainment d. differences in labor market experience e. differences in the prices of the goods produced by labor