If a typical consumer is willing to pay $3,000 for a plum and $1,000 for a lemon, and there is a 50% chance of getting a lemon, the typical consumer is willing to pay $2,000 for a used car.

The ________ due to a countercyclical policy during a recession is ________ when wages are downwardly rigid than when wages are flexible

A) increase in employment; lower B) increase in interest rates; lower C) increase in employment; higher D) increase in taxes; higher

Name two types of jobs most likely affected by "seasonal unemployment."

What will be an ideal response?