The United States decides what goods to produce by letting
a. only the government decide
b. members of Congress decide
c. only the producers decide
d. the producers and consumers decide
Answer: d. the producers and consumers decide
Economics
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A persistent decline in the price level resulting from economic growth in the presence of stable aggregate demand is known as
A) secular deflation. B) the interest rate effect. C) the real balance effect. D) demand-side deflation.
Economics
Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family. She is currently looking for work, so she would be considered
A) cyclically unemployed. B) avoidably unemployed. C) frictionally unemployed. D) a discouraged worker. E) not in the labor force because she moved more than 150 miles.
Economics