Inferior goods may also be referred to as
A) countercyclical goods.
B) cyclical goods
C) substitutes.
D) anti-luxury goods.
A
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The short-run aggregate supply curve will shift to the left if:
a. there is a significant increase in worker productivity. b. workers on fixed-wage contracts expect higher inflation. c. the price of raw materials decreases. d. the price of capital goods rises. e. wages fall in anticipation of higher prices.
The difference between a business plan and a scenario plan is:
a. A scenario plan is a one-to-three year planning document, but the business plan is a 10-to-20 year planning document. b. Really, there is no difference c. A scenario plan is like a capital budgeting plan. In short, it is for one scenario. But a business plan is for three to five years. d. A scenario plan is a long-term planning document (normally 10 to 20 years), and a business plan is a three-to-five year plan. e. None of the above.