A positive demand shock will
a. shift the AD curve to the left.
b. increase real GDP and the price level in the short run.
c. decrease real GDP and the price level in the short run.
d. increase real GDP and decrease the price level in the short run.
e. decrease real GDP and increase the price level in the short run.
B
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An example of a seasonally unemployed worker would be
A) a day care provider who quits his job to go back to school. B) a mother who quits her job to stay home with her children. C) a General Motors employee loses her job because the company is downsizing its work force. D) a software engineer who is laid off because of declining demand for the software he writes. E) a ski lift operator who loses his job when the snow melts in the spring.
If Good Tissue sells its toilet paper only in packages of six rolls, this is an example of ________.
A) two-part pricing B) commodity bundling C) an all-or-nothing offer D) linear pricing
Because the federal government typically provides disaster relief to farmers, many farmers do not buy crop insurance even through it is federally subsidized. This illustrates:
A. the adverse selection problem. B. the moral hazard problem. C. the special interest effect. D. logrolling.
For a given level of compensation, the ________ a firm pays for your health insurance, the ________ it will pay you in wages
A) more; more B) less; less C) less; more D) Health insurance payments and wages are not related.