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Dinesh loses his job as a bookkeeper at a company that builds yachts because sales are slow due to a general slowdown in the economy. This is an example of __________ unemployment.

  Refer to the table below, which describes two people’s demand schedules for a 20-pack of AAA batteries: Price Maia’ Demand Lin’s Demand $20.00 0 0 $18.00 1 0 $16.00 1 1 $14.00 2 1 $12.00 2 1 $10.00 3 2 $8.00 4 2 $6.00 5 3 $4.00 7 3 $2.00 9 4 Assume that the market for AAA batteries has only two consumers: Maia and Lin. According to the table above, if the price of a 20-pack is $8, the market will demand ________ packs of batteries.  

  An opportunity cost is  

Negative inflation is called

What is the definition of market demand?

  Goods that are produced for current consumption are called ________ goods.  

  ________ is/are considered a liability on a bank’s balance sheet.  

  Assume that the market for chairs consists of only three individuals: Huey, Dewey, and Louie. Here are their demand schedules: Price Huey’s Demand Dewey’s Demand Louie’s Demand $1 6 4 2 $2 5 4 1 $3 4 3 1 $4 3 3 0 $5 2 2 0 $6 1 2 0 From the information in the demand schedules, answer the following questions:     a. If the price of a chair were $2, how many chairs would be sold?     b. If the price of a chair were $5, how many chairs would be sold?  

  What would happen to the equilibrium price and quantity of sweaters if the price of wool increases and all else is held constant?  

In NBC’s hit TV show 30 Rock, actor Dean Winters plays Dennis Duffy, who works as a beeper salesman in New York City. Because beepers are an old technology that has been taken over by cell phones, Dennis loses his job.a. What type of unemployment is Dennis experiencing?b. What is something the government can do to limit this type of unemployment?