Which of the following will not shift the demand curve for grapefruit?
a. An announcement that eating a grapefruit before every meal will induce weight loss.
b. A technical development that allows machines to replace the workers who harvest grapefruit.
c. An announcement that eating lots of grapefruit causes skin problems.
d. A newspaper story reporting that the preference for oranges has skyrocketed.
e. An announcement that grapefruit will definitely cost more next week.
b
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Which of the following should be included in U.S. GDP?
A) a 3D television manufactured in Thailand and sold in the United States B) a 3D television manufactured in the United States and sold in Thailand C) a 3D television manufactured in Thailand by a U.S. firm and sold in the United States D) a used 3D television manufactured in the United States and sold in Thailand
What is the relationship between the natural unemployment rate, the unemployment rate, potential GDP, and actual GDP?
What will be an ideal response?