From 1960 to 2015, inflation-adjusted wages increased by 165 percent in the U.S., and yet firms more than doubled the amount of labor they employed
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following pairs of values of the consumer price index (CPI) is consistent with an inflation rate of 10 percent for 2014?
a. CPI in 2014 = 90; CPI in 2015 = 100 b. CPI in 2014 = 102; CPI in 2015 = 112 c. CPI in 2013 = 210; CPI in 2014 = 220 d. CPI in 2013 = 210; CPI in 2014 = 231
Which of the following pricing policies enhances profits by creating brand-loyal consumers?
A. Beat-or-pay strategies B. Frequent flyer programs C. Frequent flyer programs and beat-or-pay strategies D. Trigger strategies
Evidence points out that since the mid-1950's just about every recession was preceded by rising interest rates. This suggests that the recessions were:
A. caused by simultaneous shifts in aggregate demand and aggregate supply. B. due to increases in oil prices and other production costs. C. the result of changes in consumer confidence. D. caused in part by the actions of the Federal Reserve.
When government outlays exceed tax revenues, the situation is called a budget
A) surplus. B) deficit. C) with a negative balance. D) with no balance. E) debt.