Which of the following is a case of frictional unemployment.
What will be an ideal response?
Tina was laid off temporarily while her company downsized.
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Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Morocco consume?
A) 60 B) 75 C) 135 D) 200
Changes in the price of a product can cause
a. A movement along the demand curve b. A shift of the demand curve c. A shift of the supply curve d. All of the above
If technology improves when a nation is in the intermediate range and only the Aggregate Supply changes, then:
a. Real GDP rises and real GDP remains the same. b. Real GDP remains the same and average price level falls. c. Real GDP remains the same and average price level rises. d. Real GDP rises and average price level falls. e. Real GDP falls and average price level rises.
Microeconomics is the study of
a. how money affects the economy. b. how individual households and firms make decisions. c. how government affects the economy. d. how the economy as a whole works.