Refer to the above figure. At Point B, the actual unemployment rate
A) will decrease over time.
B) is negative.
C) tends to be higher than the natural unemployment rate.
D) tends to be lower than the natural unemployment rate.
C
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The demand for microwaves in a certain country is given by: D = 8,000-30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. Suppose the economy is closed. The equilibrium price of a microwave is ________ and equilibrium quantity is____.
A. $100; 5000 B. $125; 4000 C. $50; 8000 D. $75; 6000
"Financial distress" is more easily handled in a __________-oriented financial system, in which ownership of the firm tends to be spread among __________ shareholders than in the other type of system
A) markets; more B) markets; fewer C) banking; more D) banking; fewer
Which of the following is TRUE?
a. Maximizing division profits always leads to maximizing company-wide profits b. Managers of profit centers are not given any discretion in their decision making c. Profit centers usually require the highest degree of attention of corporate executives d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
Which of the following correctly describes a wage-price spiral?
a. An increase in nominal wages causes inflation, and inflation causes workers to demand even higher wages in order to keep their real income constant. This cycle can repeat itself. b. An increase in real wages due to growth in workers' productivity causes inflation, which in turn increases workers' productivity. c. A decrease in prices causes workers to demand higher wages, which in turn puts additional downward pressure on prices. d. An increase in the price level lowers real wages leading to unemployment. This in turn puts downward pressure on prices.