Which of the following is an example of a zero-sum game?
a. Jill decides to buy a television set from Jack for $500.
b. Angela buys a jacket worth $30 from the apparel store near her apartment.
c. Rachel decides to buy Sarah's couch and is willing to pay whatever price Sarah might ask for it.
d. Joanna buys a camera at a Thanksgiving sale and gets a tripod free.
C
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The term "stagflation" is used to define an economic situation where there are adverse supply shocks which cause a fall in output but with increasing price level
Indicate whether the statement is true or false
If the number of employees who quit, are fired, or retire increases while the hiring of new employees declines, this indicates that the
A) labor supply curve is shifting to the right. B) labor demand curve is shifting to the left. C) labor demand curve is shifting to the right. D) labor supply curve and labor demand curve are both shifting to the right.