If the price of automobiles were to decrease substantially, the demand curve for automobiles would most likely
A) shift rightward.
B) shift leftward.
C) remain unchanged.
D) become steeper.
C
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Subjective probabilities are based on ________ and ________ data.
A) best estimates; not on B) relative frequencies; not on C) relative frequencies; on D) best estimates; on
What percentage of American business firms are incorporated?
a. about 20 percent b. about 40 percent c. about 50 percent d. over 60 percent
The unit-of-account costs of inflation are the costs resulting from the way in which inflation makes money a less reliable unit of measurement
a. True b. False Indicate whether the statement is true or false
The natural rate of unemployment
a. increases sharply during a recession but declines significantly during a business expansion. b. is the unemployment rate accompanying the economy's maximum sustainable output. c. is generally less than the unemployment rate associated with the economy's full-employment rate of output. d. is present when the economy operates at approximately 94 percent of its potential GDP.