Which of the following is most likely to cause the productivity of labor to increase?
a. higher money wages.
b. an increase in the proportion of the workforce that belongs to a labor union.
c. a higher rate of investment in human and nonhuman capital.
d. more flexible working hours and improved retirement plans.
c. a higher rate of investment in human and nonhuman capital.
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Microeconomics studies
A) decisions made by individual consumers and firms. B) the changes in economic theory brought about by real-world events. C) how small changes in the unemployment rate can have far-reaching effects. D) how small changes in the money supply can have far-reaching effects.
Money is the means of payment in the economy. Examples of money include
a. currency, checking account balances, and credit card limits b. ATM cards, checking account balances, and currency c. travelers' checks and credit card limits d. currency, stocks, and travelers' checks e. currency, travelers' checks, and personal checks
Refer to the given figure.
In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as:
A. aggregate demand shifting rightward. B. short-run aggregate supply shifting downward. C. aggregate demand shifting leftward. D. long-run aggregate supply shifting leftward.
Antitrust cases against ________ resulted in the firm(s) being found not guilty of unreasonable conduct under the Sherman Act.
A. International Harvester B. Eastman Kodak C. United States Steel D. All of the above are correct.