The "New Keynesian" macroeconomics centered on
A) the assumption of continuous market-clearing.
B) the importance of technological shocks.
C) the imperfectness of the information held by economic decision-makers.
D) the rational reasons for slow price and wage adjustment.
D
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Assuming all else equal, if the price of fuel and energy increases, ________
A) a firm's labor demand curve shifts to the right B) a firm moves to a lower point along its labor demand curve C) a firm's labor demand curve shifts to the left D) a firm moves to a higher point along its labor demand curve
Which of the following leads to a lower rate of capacity utilization in a firm, assuming all else equal?
A) An increase in the number of workers in the firm B) An increase in the demand for the firm's product C) A decrease in the number of workers in the firm D) A decrease in the price of the firm's product