Which of the following must a firm in a market economy do today to succeed?
A) efficiently organize production
B) produce existing goods and services at a lower cost
C) produce new or better goods or services
D) Market firms today must do all of these things.
D
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The aggregate demand curve indicates the relationship between:
a. the real wage rate and the quality of resources demanded by producers of goods and services. b. the interest rate and the amount of loanable funds demanded by borrowers. c. the natural rate of unemployment and the demand for goods and services when the economy is in long-run equilibrium. d. the general price level and the aggregate quantity of goods and services demanded.
Frictional unemployment is often thought to explain relatively short spells of unemployment
a. True b. False Indicate whether the statement is true or false