An economy Is divided into a primary sector or upper tier, which is composed of higher-paid workers in more secure jobs, and a secondary sector or lower tier.... these conditions are referred to as?
Answer: split labor market
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Labor productivity typically rises when ________
Fill in the blank(s) with the appropriate word(s).
The relationship between interest rates and investment spending is graphed as
A) a vertical line. B) a horizontal line. C) an upward sloping curve. D) a downward sloping curve.
Alex is a non-union employee in a factory. If the union negotiates certain benefits for the employees, Alex enjoys all the benefits although he does not pay the union fee. His behavior is an example of ________
A) rent-seeking B) free-riding C) profit maximizing D) rivalry
An increase in expected future income increases ________
A. consumption expenditure, which increases current aggregate demand B. investment, which increases current aggregate supply C. the demand for money, which decreases current aggregate demand D. future consumption expenditure and has no effect on current aggre-gate demand