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80. The phenomenon that describes outcomes not intended by purposeful action is called a. Ceteris paribus b. Intended consequences c. Unintended consequences d. None of
80. The phenomenon that describes outcomes not intended by purposeful action is called a. Ceteris paribus b. Intended consequences c. Unintended consequences d. None of the above 81. When there is a general increase in prices and the purchasing power of money falls, there is a. Disinflation b. Deflation c. Inflation d. None of the above 82._______are the forerunner of modern day labor unions. a. Medieval guilds b. Market economies c. Normative ethics d. None of the above 83. Normally, results from our economy when we produce at less than capacity a. Higher taxes b. Tax rebates c. Unemployment d. Increased employment 84. What determines the position and shape of a production possibilities curve? a. b. C. d. The physical resources of that society The skills of the workforce The number of factories available to society Any of the above 85. The labor force consists of all persons A.16 years of age and older who are working or actively seeking work B.16 years of and older who are working part time C.21 years of and older who are working or actively seeking work D.21 years of age and older who are working part time 86. The income households have available to spend after taxes is normally called a. Disposable income b. Indisposable income C. Economic surplus d. Budget surplus 87. A measure of the cost of certain goods and services purchased by consumers is called the A.GDP B.CPI C.FOMC D.PPI
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