Suppose that during a given month 500,000 persons quit their job to become self-employed. This might give __________ bias to the __________ indicator
A) an optimistic; unemployment rate
B) a pessimistic; unemployment rate
C) an optimistic; payroll employment
D) a pessimistic; payroll employment
D
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Between two countries, comparative advantage is found by comparing the:
a. relative costs of production in each country. b. absolute costs of production in each country after accounting for inflation. c. labor hours required to produce a bundle of products in each country. d. level of interest rates in each country. e. shipping and transportation costs of each country.
The movements of real GDP and inflation during the 1973–1975 recession can be best explained by a
A. rightward shift of the aggregate demand curve. B. leftward shift of the aggregate demand curve. C. rightward shift of the aggregate supply curve. D. leftward shift of the aggregate supply curve.