As a result of the Great Recession, job growth did not resume until
A. September 2008.
B. March 2009.
C. September 2009.
D. March 2010.
Answer: D
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If a perfectly competitive firm raises the price it charges to consumers, which of the following is the most likely outcome?
A) The firm's total revenue will increase only if the demand for its product is elastic. B) The firm's total revenue will increase only if the demand for its product is inelastic. C) The firm will not sell any output. D) The firm's revenue will not change because some consumers will refuse to pay the higher price.
One of the effects of gas prices rising from about $2 to about $4 per gallon was airlines ordering new, fuel-efficient aircraft
a. True b. False Indicate whether the statement is true or false
Which of the following provides the best explanation of why low-income countries general remain poof?
What will be an ideal response?
Exhibit 14-7 Aggregate supply and demand curves
?
At point A in Exhibit 14-7, the aggregate demand AD2 and the aggregate supply curve reflect an economy in which
A. full employment is at $1,000 billion GDP. B. excess aggregate supply is created when there is a shift from AD1 to AD2. C. excess aggregate demand forces prices up to P = 120. D. excess aggregate demand causes prices to stabilize at P = 110.