If the economy produces its potential output level, then unemployment is at the natural rate and the actual price level is equal to what producers and others expected. Consequently there is no tendency for price or output to change
Indicate whether the statement is true or false
true
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Which of the following is the fundamental resource that is the basis of labor?
a. capital b. natural resources c. time d. money e. entrepreneurial ability
To avoid wage compression,
A) employees probably need to change companies. B) employees need to speak to their supervisors. C) employees need to sign a deferred compensation contract. D) managers need to pay above the minimum wage.
The cross price elasticity for Bud Light for a change in the price of Coor's Light is likely to be
A. negative but less negative than -1. B. positive. C. negative and more negative than -1. D. zero.
In terms of the stock market, systematic risk refers to the fact that
A) some stocks have higher returns than others. B) some stocks' returns have a higher variance than others. C) all stock prices are correlated with the health of the economy. D) most stock prices are perfectly negatively correlated.