If the apartment owner can somehow see the effort of the each of the room mates and punishes with a loss of 5 to any room mate who doesn't clean, is that likely to lead to a more efficient outcome?
a. No because they would have to clean against their will
b. Yes because now they would both get a utility of 3
c. No because neither of them like cleaning
d. No because filth is good
b
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Leaving the labor force or finding a job are two ways that:
A. an unemployment spell can end. B. a person can become a discouraged worker. C. a person can become an involuntary part-time worker. D. an unemployment spell can begin.
Fast-second strategies are more likely to be used by:
A. dominant firms than by start-up firms. B. pure competitors rather than by oligopolists. C. start-up firms rather than by existing firms. D. entrepreneurs rather than by corporations.
An unexpected decrease in aggregate demand
A. causes the price level to rise and the unemployment rate to rise. B. causes the price level to fall and the unemployment rate to rise. C. causes the price level to rise and the unemployment rate to fall. D. causes the price level to fall and the unemployment rate to fall.
If firms increase investment, the aggregate expenditures function will shift upward, other things being equal
a. True b. False Indicate whether the statement is true or false