If the demand for labor is highly inelastic, an increase in wages secured by the union will cause a big increase in unemployment among union workers
Indicate whether the statement is true or false
F
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Everything else remaining unchanged, what is likely to happen to the credit supply curve of households if:
a. there is a decrease in the real interest rate? b. households expect a recession in near future? What will be an ideal response?
Which of the following statements is (are) correct? Critics of the real business cycle model
a. question whether technology has ever been the cause of a recession. b. do not deny that some technology shocks affect many industries. However, they do not believe that there are enough of these shocks to explain recessions where output falls too as much as 10 percent below potential output. c. argue that aggregate supply changes drive most business cycles. d. All of the above e. None of the above
The form of risk to the lender associated with a borrower not paying their debt is called
A. overall risk. B. market risk. C. default risk. D. complete risk.
When you use ABC costing and find out that a customer is not profitable, which of the following are legitimate options?
a. Stop selling to the unprofitable customer b. Increase sales to grow the business c. Raise prices d. Collaborate with the customer to reduce the costs of doing business e. All of the above f. Only A, C, and D