In the table above, the number of marginally attached workers is ________
A) 40 million
B) 6 million
C) 2 million
D) 4 million
D
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At the time monetary union in Europe began in 1999, which of the following countries declined to participate?
A) France B) United Kingdom C) Italy D) Germany
If a company raises prices on a product with elastic demand, total revenues will probably decrease.
a. true b. false
Based on the figure below. Starting from long-run equilibrium at point C, an adverse inflation shock that increases inflation from ? to ?1 will lead to a short-run equilibrium at point ________ creating _____gap.
A. B; a recessionary B. A; an expansionary C. B; an expansionary D. A; a recessionary
Suppose that in each of four successive years producers sell more of their product and at lower prices. This could be explained:
A. by small annual increases in supply accompanied by large annual increases in demand. B. in terms of a stable supply curve and increasing demand. C. in terms of a stable demand curve and increasing supply. D. as an exception to the law of supply.