Ceteris paribus, an increase in the price of a good will cause the
a. quantity demanded of the good to increase.
b. quantity supplied of the good to decrease.
c. consumer surplus derived from the good to decrease.
d. demand of the good to increase.
C
Economics
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The unemployment caused by the time that it takes to match workers and jobs is called:
A. frictional unemployment. B. the discouraged-worker effect. C. structural unemployment. D. wage rigidity.
Economics
In the markets for factors of production in the circular-flow diagram,
a. households provide firms with labor, land, and capital. b. households provide firms with savings for investment. c. firms provide households with goods and services. d. firms provide households with revenue.
Economics