The more firms that pay efficiency wages, the
A) more likely the economy will get stuck in a recessionary gap.
B) less likely the economy will get stuck in a recessionary gap.
C) more likely the economy will get stuck in an inflationary gap.
D) more likely (over time) the economy will produce Natural Real GDP.
E) b and c
A
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Which one of the following persons would be considered unemployed?
a. A person not working who has given up searching for a job. b. A part-time worker looking for a full-time job. c. A construction worker who was laid off due to cold weather. d. A full-time college student who is not a member of the labor force.
A new domestic industry with potential economies of scale is called a(n):
A) potential business entrant. B) immature industry. C) infant industry. D) highly valued entrant.
How does consumer use (transactions) compare between credit and debit cards?
A. Credit cards are used for substantially more transactions than debit cards. B. Debit cards are used for substantially more transactions then credit cards. C. Both cards are used for about the same number of transactions.
A bank's reserves include:
A. the bank's loan portfolio. B. U.S. Treasury Securities. C. vault cash. D. U.S. Treasury bills and vault cash.