_____ can temporarily create dislocations as displaced workers try to find jobs elsewhere and, at the same time, make existing products more affordable
a. Technological change
b. Changes in the rate of interest
c. Population changes
d. Changes in the price level
e. An increase in public expenditure
a
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A buyer is willing to buy 10 units of a good at a maximum price of $10 per unit. The reservation value of the buyer in this case is:
A) $1. B) $10. C) $20. D) $100.
When we say the cost of living has gone up, we mean that, looking broadly over a range of goods and services:
A. a dollar buys less today than it used to buy. B. a dollar buys more today than it used to buy. C. a dollar buys the same today as it used to buy. D. our income has increased to match the cost of those goods.
According to the paradox of thrift, if households intend to save more, they will:
a) ultimately spend more. b) cause an increase in jobs because investment will increase. c) ultimately cause job losses. d) cause the GDP to increase because inflation will decrease.
What is odious debt, and how is the Democratic Republic of the Congo (DRC) an example of this?
What will be an ideal response?