________ is an important element of corporate culture.
A. Establishing expectations of employees
B. Establishing female participation in decision-making process
C. Establishing dress code and political correctness in the workplace
D. Ensuring proper coordination among employees
Answer: A
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A sales tax is a type of consumption tax
a. True b. False
To eliminate a recessionary gap the Fed typically uses __________ monetary policy, and to eliminate an inflationary gap the Fed typically uses __________ monetary policy
A) expansionary; expansionary B) expansionary; contractionary C) contractionary; contractionary D) contractionary; expansionary
In the classical model, a temporary decrease in government spending would cause a decrease in
A) output, the real interest rate, real wages, and the price level. B) employment, the real interest rate, real wages, and the price level. C) output, employment, the real interest rate, and the price level. D) output, employment, real wages, and the price level.
The production function is
a. the increase in the amount of output from an additional unit of labor. b. influenced by the productivity of workers. c. the marginal revenue produce minus the wage rate paid to workers. d. All of the above are correct.