In the fooling model, AD/SAS equilibria to the left of LAS are unstable because ________ nominal wages shift ________
A) falling, AD downward
B) falling, SAS downward
C) rising, AD upward
D) rising, SAS upward
B
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What impact would including members of the military in employment, labor force, and working-age population statistics have on the unemployment rate and the labor force participation rate?
A) Including the military would reduce both the unemployment rate and the labor force participation rate. B) Including members of the military would reduce the unemployment rate and increase the labor force participation rate. C) Including the military would increase both the unemployment rate and the labor force participation rate. D) Including members of the military would increase the unemployment rate and reduce the labor force participation rate.
The market structure that is associated with big business in developed economies is
a. perfect competition. b. monopolistic competition. c. monopoly. d. oligopoly.