Ceteris Paribus,a Decrease in Tariffs in Both the Factor Market

question 98

Multiple Choice

Ceteris paribus,a decrease in tariffs in both the factor market and the product market will cause

• A)An increase in the price level and a decrease in unemployment.
• B)An increase in the price level and an increase in unemployment.
• C)A decrease in the price level and a decrease in unemployment.
• D)A decrease in the price level and an increase in unemployment.

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Definitions:

Explicit Attitude

A clearly expressed or openly declared view or stance on a particular topic or issue.

Credibility

The perceived reliability and truthfulness of an individual or entity, often grounded in their track record and expertise.

Straightforward Negative

Direct and uncomplicated communication that conveys negative information or feedback.

Communicate Positively

The practice of conveying messages in an optimistic, constructive, and encouraging manner.