An increase in the consumer sentiment index indicates that consumers are
a. becoming more optimistic about their future income and employment prospects.
b. becoming less optimistic about their future income and employment prospects.
c. expecting the inflation rate to rise in the near future.
d. expecting the inflation rate to fall in the near future.
A
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Buyers of insurance can have advantages over sellers of insurance
Indicate whether the statement is true or false
Which of the following is not a reason that paying efficiency wages may increase a firm's profit?
a. Efficiency wages increase worker health and therefore increase worker productivity. b. Efficiency wages decrease worker turnover and therefore decrease hiring and training costs. c. Efficiency wages decrease worker shirking and therefore increase worker productivity. d. Efficiency wages are below the equilibrium wage rate but still attract a sufficient number of workers.
For the past several decades, the U.S. M1 multiplier has been between
A. 0.5 and 2.5. B. 1.0 and 3.0. C. 3.0 and 6.0. D. 0 and 10.0.
Refer to the information provided in Figure 3.7 below to answer the following question(s).
?Figure 3.7Refer to Figure 3.7. If pizza and burritos are substitutes, a decrease in the price of burritos will cause a movement from Point B on demand curve D2 to
A. Point A on demand curve D2. B. demand curve D1. C. Point C on demand curve D2. D. demand curve D3.