In the fooling model, real wages

A) are countercyclical.
B) are procyclical.
C) are constant.
D) show no clear cyclical pattern.


A

Economics

You might also like to view...

If (PVB/PVC)for a given policy option equals 5.5, this means that

a. the policy option is not feasible b. for every dollar of incremental costs incurred by society, there are $5.50 in realized incremental benefits c. the policy option is feasible d. both (b) and (c) are correct

Economics

When an economy faces diminishing returns

A) the slope of the per-worker production function becomes steeper as capital per hour worked increases. B) the per-worker production function shifts to the left. C) the slope of the per-worker production function becomes flatter as capital per hour worked increases. D) the per-worker production function shifts to the right.

Economics

Given an annual interest rate of 12 percent, what is the present value of receiving $1,000 in 20 years?

A) $890.45 B) $850.23 C) $112.16 D) $103.67

Economics

Savers have less incentive to care what their bank is doing with their money because their deposits are federally insured. This is a problem of

a. nominal interest b. adverse selection c. moral hazard d. the winner's curse e. a positive externality

Economics