The aggregate supply schedule is steeper where the money wage is more variable than where the money wage is fixed because the rise in the money wage in the
a. fixed-wage case dampens the effect on employment and output from an increase in the price level.
b. variable-wage case dampens the effect on employment and output from an increase in the price level.
c. variable-wage case heightens the effect on employment and output from an increase in the price level.
d. all of the above
B
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Agave, Six Feet Under, Globe, Silk, Sotto Sotto and Zocalo are all restaurants in Atlanta. In the long run, Globe could I. make a positive economic profit. II. make zero economic profit. III. incur an economic loss
A) Only I B) Only II C) I, II, and III D) Only I and II
If the marginal revenue product of an input is greater than its price, the
A. firm should decrease its use of the input to bring the two values into equality. B. firm should raise the price of the product. C. firm should increase the use of the input to bring the two values into equality. D. firm should search for another input to use in its production.
Bank failures in the U.S
a. occurred frequently through the 1960s and declined since then. b. occurred infrequently through the 1960s and have become more common since then. c. occurred frequently through the 1930s, declined after that time, and became more common in 2008. d. occurred infrequently through the 1930s, increased after that time, and became less common in 2008.
If the forward rate is greater than the spot rate, what are markets signaling about their expectations for the future spot rates for the home currency?
What will be an ideal response?