The benefits a retired worker receives from Social Security are a fixed percentage of the wages he or she earned
Indicate whether the statement is true or false
F
You might also like to view...
When will the scale effect of a wage increase cause a fall in the amount of labor employed?
a. Always. b. When labor is not a regressive factor. c. When labor and capital are substitutes in production. d. When labor and capital are complements in production.
What is the key difference between the aggregate expenditure model and the aggregate demand/aggregate supply model?
A) The aggregate expenditure model examines monetary policy, whereas the aggregate demand/aggregate supply model does not. B) The aggregate demand/aggregate supply model assumes that the price level is fixed. C) The aggregate expenditure model assumes that real GDP is fixed. D) The aggregate expenditure model assumes that the price level is fixed. E) Monetary and real factors interact in the aggregate demand/aggregate supply model.
If this is an open economy, quantity supplied of cars by the domestic producers will be ________.
A. 20,000 B. 80,000 C. 60,000 D. 40,000
An increase in the real wage rate will cause
A. the labor demand curve to shift to the left. B. the quantity of labor demanded to rise. C. the labor demand curve to shift to the right. D. a movement along the labor demand curve.