There are many firms in an oligopolistic market
Indicate whether the statement is true or false
False
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If the labor force consists of 1,000 people and and the unemployment rate is 7%, then 930 people must be considered employed
Indicate whether the statement is true or false
A country in which a substantial amount of the factories and stores that produce domestic goods and services are foreign-owned is most likely a country in which
A) GDP is much larger than GNP. B) GNP is much larger than GDP. C) GDP is roughly equal to GNP. D) the relationship between GDP and GNP no longer exists.
A shift in short-run aggregate supply from SRAS2 to SRAS1 could have been the result of
A. a decrease in the price level. B. an increase in the price level. C. an increase in wage rates. D. a decrease in wage rates.
List several examples of the administrative burden of the U.S. income tax system