An example of a price shock is ________
A) an increase in wages as a result of higher expected inflation
B) the arrival of immigrants seeking employment
C) the decline in autonomous spending that results from rising unemployment
D) all of the above
E) none of the above
E
Economics
You might also like to view...
AZT is a drug that inhibits the reproduction of the AIDS virus, thus preventing the full development of the disease. The drug, which is sold in an unregulated market, is very expensive and many AIDS patients who can't afford it die from the disease. This case provides ammunition to critics of the market system on the basis of its
a. fairness. b. externalities. c. cost disease in services. d. inefficiency.
Economics
Explain why the demand for loanable funds slopes downward and why the supply of loanable funds slopes upward
Economics