Examlex
A cruise ship has available a certain number of rooms in each of 10 categories of appointments ranging from a two-bunk inside cabin to a suite with an outside patio and indoor sitting area. If a passenger requests a sailing date in which the desired cabin is sold out, which of the following actions would be considered the least viable alternative for the cruise line?
Unemployment
The situation where individuals who are capable of working and are seeking work are unable to find employment.
Classical Notion
An economic theory advocating for free markets, competition, and minimal government intervention in the economy.
Monetary Neutrality
The proposition that changes in the money supply do not affect real variables.
Long-Run Phillips
An economic concept suggesting that there is no long-term trade-off between inflation and unemployment, contrary to the short-run Phillips curve.
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