The ways to address agency costs include all EXCEPT
a. advertising for employee positions in as many outlets as possible
b. requiring employees to punch time clocks
c. spot checks of the quality of employee work
d. replacing closed offices with cubical office spaces
a
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The monopolistically competitive seller's demand curve will tend to become more elastic the:
A) smaller the number of sellers. B) greater the degree of product differentiation. C) larger the number of close competitors. D) more significant the barriers to entering an industry.
A constitutional amendment requiring an annually balanced budget would help stabilize the economy
a. True b. False Indicate whether the statement is true or false
Automatic stabilizers
a. increase the problems that lags cause in using fiscal policy as a stabilization tool. b. are changes in taxes or government spending that increase aggregate demand without requiring policy makers to act when the economy goes into recession. c. are changes in taxes or government spending that policy makers quickly agree to when the economy goes into recession. d. All of the above are correct.
The percentage of the noninstitutionalized working-age individuals who are employed or seeking work is known as
A. the labor force. B. the stock of employed and unemployed workers. C. discouraged worker. D. the labor force participation rate.