Herzberg believed that increasing which of the following would increase job satisfaction?
a. breadth
b. job enlargement
c. hygiene
d. depth
Ans: d. depth
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Within the framework of the Keynesian model, if aggregate expenditures exceed aggregate output, then:
a. the inventories of firms would decline, and the firms would expand output in order to restore their inventories to desired levels. b. the inventories of firms would increase, and the firms would reduce output until inventories were cut back to the desired level. c. the current level of income would persist in the future. d. firms would reduce their investment, and the economy would fall into a recession.
A market system tends to create inequality
a. True b. False Indicate whether the statement is true or false
A price floor is binding when it is set
a. above the equilibrium price, causing a shortage. b. above the equilibrium price, causing a surplus. c. below the equilibrium price, causing a shortage. d. below the equilibrium price, causing a surplus.
The purchases made by the foreign sector are called __________; the purchases made by the household sector are called __________; the purchases made by the government sector are called __________; and the purchases made by the business sector are called investment
A) net exports; consumption; net interest B) net exports; domestic spending; government purchases C) net exports; consumption; government purchases D) exports; domestic spending; government product E) imports; consumption; government expenditures