Refer to Table 13-4. Based on the data in the table, which of the following statements is true?
A) The table summarizes Victoria's short-run, rather than long-run, market for plastic vials.
B) Victoria should advertise more in order to increase the demand for plastic vials.
C) Victoria could be either a monopolistically competitive or a perfectly competitive firm.
D) Victoria should shut down temporarily.
A
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How do the Bureau of Labor Statistics and the Bureau of the Census estimate U.S. unemployment each month?
a. They contact each state's unemployment office and gather data on new claims for unemployment. b. They randomly survey about 60,000 U.S. households to determine how many people are in the labor force, and what proportion of them is unemployed. c. They track released prisoners. These agencies adjust released prisoner employment unemployment rate proxy (PURP). d. None of the above are correct.
Keynesian analysis stresses that a tax cut that increases the government's budget deficit or reduces its budget surplus:
a. is appropriate during a period of inflation. b. will increase the money supply. c. will stimulate aggregate supply and, thereby, promote employment. d. will stimulate aggregate demand and, thereby, promote employment.