Before the year 2000, the most prolonged departure from the long-term growth path for the United States occurred during
A. The 1980s.
B. World War II.
C. The years following World War II.
D. The Great Depression.
Answer: D
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What causes the labor demand curve to shift? List three factors that can cause the labor demand curve to shift rightward?
What will be an ideal response?
Vertical contracts between manufacturers and retailers often aim to
a. Incentivize the retailers to undertake costly activities, which they otherwise may not realize the full benefits of on their own b. Reward the manufacturer for undertaking the risk inherent in introducing a new product c. Serve as a "signal" of the retailer's belief of the likely success of his product d. All of the above
Under an exclusive buying arrangement, a retailer agrees not to sell a good at the manufacturer's suggested retail price
a. True b. False Indicate whether the statement is true or false
If your wages are indexed so that they automatically adjust for inflation, in a period of continued high inflation, the cost of the goods and services you buy ____ and your nominal income ____
a. decreases, decreases b. increases, increases c. decreases, remains the same d. increases, remains the same