A demand-pull inflation consists of ________ shifts in the AD curve and ________ shifts in the AS curve
A) right; no
B) leftward; leftward
C) leftward; rightward
D) rightward; leftward
E) rightward; rightward
D
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Frictional unemployment arises when
A) unskilled or low-skilled workers find it difficult to obtain desirable, long-term jobs. B) labor must be reallocated from industries that are shrinking to areas that are growing. C) workers must search for suitable jobs and firms must search for suitable workers. D) output and employment are below full-employment levels.
Which of the following is true of a corporation's stock?
a. Stocks are highly illiquid assets. b. Stocks can be easily transferred from one person to another. c. Dividends declared on stocks are not subject to personal income tax. d. Dividend declared on stocks assure a steady income to the stockholders.