In its macroeconomic equilibrium, the economy can be producing at i. below full employment. ii. full employment. iii. above full employment
A) i only
B) ii only
C) iii only
D) i or ii
E) i, ii, or iii
E
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Assume a firm reduces its cost by shifting from paychecks to payroll cards, which are stored-value cards onto which the companies can download employees' wages and salaries electronically. If the only factor of production the firm varies in the short run is the number of hours worked by people already on its payroll, would the shift from paychecks to payroll cards reduce the firm’s total fixed costs or its variable costs?
A. Since the wages paid to? employees, the? firm's variable labor? input, have not? changed, variable costs are unaffected. If the switch from issuing paychecks to payroll cards is? cost-reducing, this change will cut its fixed costs of meeting its payrolls. B. Since the number of hours worked is? variable, the variable cost of processing the payroll? changes; therefore, the cost savings must come from a reduction in variable costs in the short run. C. Since the number of hours worked is? variable, the variable cost of processing the payroll? changes; therefore, the cost savings must come from a reduction in variable costs in the long run. D. Since the wages paid to? employees, the? firm's variable labor? input, have? changed, if the switch from issuing paychecks to payroll cards is? cost-reducing, this change will cut its variable costs of meeting its payrolls.
As an MNC based in the country of Westeros, suppose your firm currently has positive exposure to the Valerian pound. With expanding input needs, you expect to take on a substantial negative exposure to the Quarthian dollar. The Valerian pound and Qarthian dollar are negatively correlated. As such your firm's overall exchange rate exposure is expected to
Households in the former Yugoslavia were required to declare the number of radios and television sets they owned, and to pay a monthly tax on each. From the perspective of the free-rider problem, the radio and TV taxes attempted to
A) generate negative externalities on Yugoslav households. B) generate positive externalities on Yugoslav households. C) coerce households into paying for the radio and television broadcasts. D) coerce households into listening less to radio and watching less television.
All decisions of the Fed are subject to approval by: a. the President of the United States. b. the U.S. Congress
c. the FDIC d. none of the above