If all prices are stuck at a predetermined level, then when a short-run aggregate supply curve is drawn with real gdp (y) along the horizontal axis and the price level (p) along the vertical axis, this curve: a. is horizontal. b. is vertical. c. slopes upward and to the right. d. slopes downward and to the right.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.