Workers at a car-manufacturing plant are replaced by automated machinery. What type of unemployment best describes the workers' situation?

In liquidity preference theory, an increase in the interest rate, other things the same, decreases the quantity of money demanded, but does not shift the money demand curve

a. True b. False Indicate whether the statement is true or false

In a graph for a firm in pure competition with the quantity of output measured on the horizontal axis, the total revenue curve is:

A. Downward-sloping B. Horizontal C. Vertical D. Upward-sloping