Inflation leads to ________
A) increased variability of relative prices only when it is anticipated
B) increased variability of relative prices only when it is unanticipated
C) increased variability of relative prices whether inflation is anticipated or not
D) lower variability of the general price level only when it is very high
E) none of the above
C
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What, if any, is the impact of the CPI bias on government spending and taxes?
What will be an ideal response?
A main reason for the low unemployment rate from 1995 through most of the 2000s was because of
A) higher oil prices. B) the government's policy of tightening immigration policies. C) the rapid development of the Internet industry and other new technologies. D) government's more liberal social benefit programs. E) increased defense expenditures by the government.
When drawn against the current real wage, the labor demand curve shift to the right if
A) the interest rate increases. B) current taxes increase. C) total factor productivity increases. D) future capital increases.
An organization with hierarchy
A) is needed to define property rights between knowledge workers. B) remains an effective way to manage knowledge workers. C) is not an effective way to manage knowledge workers. D) none of these choices.