When the "real" GDP falls, the rate of unemployment generally
A) equals the natural rate. B) decreases.
C) increases. D) stays constant.
C
Economics
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The short run is not the same length of time for all firms and industries because: a. entrepreneurs have different tastes and preferences
b. the average product of labor varies across industries. c. the life span of capital and the extent of capital specialization will vary across firms and industries. d. The marginal product of capital begins to diminish at different levels of capital utilization across firms.
Economics
A tax on an imported good is called a
a. quota. b. tariff. c. supply tax. d. trade tax.
Economics