According to the cost disease of the personal services, service activities that require direct personal contact
A. tend to fall in price relative to other goods and services.
B. tend to rise in price relative to other goods and services.
C. follow price patterns similar to other goods and services.
D. tend to move up and down in price ignoring the rest of the market.
Answer: B
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Identify the correct statement. a. An increase in the price level in an economy will increase the real value of dollar-denominated assets. b. An increase in the price level in an economy will shift the aggregate expenditure line upward
c. An increase in the price level in an economy will decrease the equilibrium level of output demanded. d. An increase in the price level in an economy will cause an upward movement along the aggregate demand curve. e. An increase in the price level in an economy will shift the aggregate demand curve rightward.
Which of the following is likely to bring about a movement along the supply curve for oranges?
A) A change in weather conditions B) A change in the price of fertilizer C) A change in wages paid to orange pickers D) A change in the price of oranges E) A change in the demand for grapefruit