The demand for steel has decreased in July without any change in supply. Six months later there still has been no change in steel prices. This is an example of a
A) price floor.
B) price control.
C) macroeconomic price.
D) sticky price.
Correct Answer:
Verified
Q24: If output is rising and unemployment is
Q25: Unemployment generally _ during recessions and _
Q26: If 20 million workers are unemployed and
Q27: Between a peak and a trough, the
Q28: The unemployment rate equals
A) labor force/population.
B) unemployed/employed.
C)
Q30: If the labor force is 50 million
Q31: We can use macroeconomic analysis to
A) study
Q32: A prolonged and deep recession is called
A)
Q33: The period in the business cycle from
Q34: Which of the following statements is false?
A)
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