When a Walmart hires people for a new store, economists suggest that
A. at least some workers are laid off at other establishments.
B. even more workers are added at other establishments.
C. more workers are actually laid off at other establishments.
D. the same number of workers are laid off at other establishments.
Answer: A
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The price of a stock will increase, ceteris paribus, when
A. The supply of the stock increases. B. Future earnings expectations increase. C. The interest rate increases. D. There is a surplus of the stock at the current price.
In Figure 5.1, the demand curve that has an infinite elasticity is shown on graph:
A. A. B. B. C. C. D. D.
When all currencies are tied directly to gold, then
A) currency exchange rates throughout the world are flexible. B) currency exchange rates throughout the world are fixed. C) the world's stock of gold cannot change. D) the price of each nation's currency in terms of gold is flexible.
Explain whether a policy that results in a larger budget deficit in the current period can lead to a reduction in current output
What will be an ideal response?