In the fooling model, real wages
A) are countercyclical.
B) are procyclical.
C) are constant.
D) show no clear cyclical pattern.
A
Economics
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In a market that is characterized by imperfect competition,
a. firms are price takers. b. there are always a large number of firms. c. there are at least a few firms that compete with one another. d. the actions of one firm in the market never have any impact on the other firms' profits.
Economics
When the U.S. dollar appreciates,
A. U.S. exports rise. B. U.S. imports decline. C. aggregate demand shifts inward. D. aggregate demand shifts outward.
Economics