A) A negative demand shock would lead to increased unemployment in the short run
B) A positive demand shock would lead to increased unemployment in the short run
C) A negative demand shock would have no short-run effect on unemployment
D) There would be no short-run demand shocks
F) A) and C)
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A) Airline tickets
B) Beer
C) Milk
D) Newspapers
F) A) and D)
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Correct Answer
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A) Prices of many raw materials are less flexible than the prices of final goods and services
B) Prices of many raw materials are much more flexible than the prices of final goods and services
C) Prices of many raw materials are about as flexible as the prices of final goods and services
D) Prices of many raw materials are only slightly more flexible than the prices of final goods and services
F) All of the above
Correct Answer
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Correct Answer
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