Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

What is one reason car dealerships might move away from perfect price discrimination to uniform pricing?

A) Perfect price discrimination doesn't work. B) Transaction costs erode the profit of perfect price discrimination. C) Consumers are ill-informed and tend to complain too much. D) Uniform pricing is always more profitable and more fair as well.

Which of the following is true?

a. The natural rate of unemployment is present when the economy is operating at full employment. b. The natural rate of unemployment is equal to the number of persons unemployed divided by the number of persons in the labor force. c. The natural rate of unemployment is primarily the result of the ups and downs of the business cycle. d. Public policy cannot influence the natural rate of unemployment.