By the 1930s, when new technology advanced and craft distinctions blurred, the
a. AFL went out of business
b. AFL welcomed nonskilled workers
c. AFL restructured
d. CIO was formed
e. CIO was disbanded
D
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Refer to Figure 10.3. A negative demand shock with no change in the real interest rate is best represented by ________ in panel (a) and ________ in panel (b)
A) a shift from AE3 to AE2; a shift from IS2 to IS1 B) a shift from AE2 to AE3; a shift from IS1 to IS2 C) a shift from AE2 to AE1; a movement from point B to point A D) a shift from AE3 to AE1; a movement from point C to point A
Camille's Chicken operates in a monopolistically competitive market. If Camille implements a new free delivery service for customers,
a. this is an example of advertising b. this is a form of nonprice competition c. total revenue will increase d. total cost will decrease e. her firm will be acting as if it were perfectly competitive market