Suppose that a country becomes relatively better than other countries at producing wind generators, in this country
a. structural unemployment and so the natural rate of unemployment will increase.
b. structural unemployment and so cyclical unemployment will increase.
c. frictional unemployment and so the natural rate of unemployment will increase.
d. frictional unemployment and the cyclical rate of unemployment will increase.
c
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The total revenue curve of a monopolist:
A) is positively sloped when marginal revenue is negative. B) is negatively sloped when marginal revenue is negative. C) is positively sloped when the marginal revenue curve is upward sloping. D) is negatively sloped when the marginal revenue curve is downward sloping.
A rightward shift of the AD curve in the very flat part of the short-run AS curve will:
A. increase real output by more than the price level. B. increase the price level by more than real output. C. reduce real output by more than the price level. D. reduce the price level by more than real output.