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Author Question: Which of the following happened during the Great Depression? a. Unemployment and prices increased ... (Read 65 times)

crazycityslicker

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Which of the following happened during the Great Depression?
 a. Unemployment and prices increased while output decreased.
  b. Unemployment increased while output and prices decreased.
  c. Unemployment and prices decreased while output increased.
  d. Unemployment and output decreased while prices increased.
  e. Unemployment and output increased while prices decreased.

Question 2

Compared to the perfectly competitive outcome, monopolistically competitive markets will result in:
 a. a wider variety of products and higher prices.
  b. less product variety and higher prices.
  c. a wider variety of products and lower prices.
  d. less product variety and lower prices.



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katkat_flores

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Answer to Question 1

b

Answer to Question 2

a





 

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