Higher consumer prices caused by external forces would boost the wage costs of firms without any commensurate increase in the nominal demand for their products if

A) long-term contracts were in force.
B) all labor contracts were one year in duration.
C) there were no COLAs.
D) there were full COLA protection.

D

Economics

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When there is a change in the quantity demanded it means that

A) the selling price of the products has not changed. B) the number of products in inventory have increased. C) the hours the customer can buy products each day have increased. D) the quantity a consumer is willing to buy changes when the price changes.

Economics

In the United States, ________ profits are taxed at both the corporate level and when investors receive dividends

A) corporate B) a sole proprietor's C) a partnership's D) all of the above

Economics