Refer to Figure 13-4. Given the economy is at point A in year 1, what will happen to the unemployment rate in year 2?
A) It will remain constant. B) It will rise.
C) It will fall. D) not enough information to answer the question
B
Economics
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Refer to Figure 14.2. Other things equal, a movement from point C to point B would be caused by
A) an increase in the price level. B) a decrease in the price level. C) a positive supply shock. D) a negative supply shock.
Economics
A payment for a resource above its opportunity cost is known as: a. an interest payment. b. a sunk cost
c. featherbedding. d. an economic rent.
Economics