Can you answer these true or false questions 3,4,5,6,7,8,9,10 F3.The demand for labour is a derived demand.F4.The minimum wage is an example of a price ceiling.FFrictional unemployment can be eliminated.6.In the base year the retail price index is always 100.F7.Inflation is taking place when prices on average are falling.F8.National Insurance contributions represent a form of direct tax.F9.The stock exchange influences the way in which savings are invested.TF10. A finance house is an example of a financial institution.TOTAL MARKS [1015.

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3. The demand for labour is a derived demand. 4. The minimum wage is an example of a price ceiling. 5. Frictional unemployment can be eliminated.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter10: Aggregate Demand And Supply

Section: Chapter Questions

Problem 12SQ

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Question

Can you answer these true or false questions 3,4,5,6,7,8,9,10

F
3.
The demand for labour is a derived demand.
F
4.
The minimum wage is an example of a price ceiling.
F
Frictional unemployment can be eliminated.
6.
In the base year the retail price index is always 100.
F
7.
Inflation is taking place when prices on average are falling.
F
8.
National Insurance contributions represent a form of direct tax.
F
9.
The stock exchange influences the way in which savings are invested.
T
F
10. A finance house is an example of a financial institution.
TOTAL MARKS [101
5.

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