Natural disasters like severe earthquakes are devastating to the economy as well as to the individuals harmed due to
A) supply shocks.
B) demand shocks.
C) demand-pull inflation.
D) demand-pull deflation.
A
You might also like to view...
Suppose workers become pessimistic about their future employment, which causes them to save more and spend less. If the economy is on the intermediate range of the aggregate supply curve, then:
A. both real GDP and the price level will fall. B. real GDP will fall and the price level will rise. C. real GDP will rise and the price level will fall. D. both real GDP and the price level will rise.
Under pure monopoly, a profit-maximizing firm will produce:
A. in the inelastic range of its demand curve. B. in the elastic range of its demand curve. C. only where marginal revenue is zero. D. only where total costs are zero.
Based on the table above, the CPI for 2013 is
A) 100. B) 105.1. C) 98.5. D) 5.0%. E) 102.5.
Which kinds of jobs are migrating from the United States to less developed countries?
a. manufacturing jobs only b. manufacturing, IT, and computer jobs c. IT and computer jobs only d. medical and legal jobs