One piece of evidence that business fluctuations are caused by demand-side changes would be that
a. monetary and fiscal policy will move inversely.
b. interest rates and budget deficits will move inversely.
c. unemployment and inflation will move inversely.
d. unemployment and budget deficits will move inversely.
c
Economics
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If we allow free trade in a small nation's industry where there is a domestic monopolist, the monopoly firm:
a. gains even more power. b. sees its profits rise. c. becomes a price taker, is not able to charge a higher price, and behaves like a competitive firm. d. is able to charge a higher price.
Economics
Two important theories of unemployment are
A) game theory and search theory. B) search theory and the efficiency wage theory. C) the efficiency wage theory and the quantity theory. D) the quantity theory and game theory.
Economics