A clear effect of deregulating the airline industry has been to
A) eliminate price competition between airlines.
B) make fewer flights available at popular times.
C) raise average fares.
D) reduce airline safety.
E) reduce the average wage of pilots.
E
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The natural rate hypothesis states that when the inflation rate
A) increases, the unemployment rate will decrease permanently. B) changes, the unemployment rate changes temporarily and eventually returns to the natural unemployment rate. C) decreases, the inflation rate will decrease permanently. D) changes, the change is only temporary, and eventually the inflation rate returns to the natural inflation rate. E) increases, the natural unemployment rate increases.
Refer to Table 17.2. The marginal product of the third unit of labor is:
A. 25. B. 50. C. 60. D. 160.