When firms cut back production:
A) they employ more people, so unemployment rises
B) they employ more people, so unemployment falls
C) they employ fewer people, so unemployment rises
D) they employ fewer people, so unemployment falls
Correct Answer:
Verified
Q29: The classical dichotomy refers to the separation
Q30: The downward slope of the aggregate-demand curve
Q31: When the price level falls:
A)households try to
Q32: The aggregate-supply curve shows:
A)the quantity of goods
Q33: The wealth effect implies that:
A)when consumer wealth
Q35: Most economists believe that classical economic theory
Q36: Most economists believe that in the short
Q37: Another reason for the downward slope of
Q38: Okun's law looks at the relationship between:
A)inflation
Q39: The aggregate-demand curve shows:
A)the quantity of goods
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