Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a maximum retail price
b. allowing many retailers to sell the product in each market
c. preventing retailers from compensating sales staff for demonstrating the product
d. providing manufacturer staff to demonstrate the product in stores
a
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Economic growth will be associated with a constant price level when
A) the increase in aggregate demand is accompanied by a reduction in short-run aggregate supply. B) the increase in aggregate demand is less than the increase in long-run aggregate supply. C) the increase in aggregate demand exactly equals the increase in long-run aggregate supply. D) the increase in aggregate demand is more than the increase in long-run aggregate supply.
Jasmine has recently moved to Florida because she loves the warm climate there. Being new to the area, she will need to spend a few weeks looking for a new job. This is an example of:
a) frictional unemployment. b) cyclical unemployment. c) structural unemployment. d) underemployment.