U.S. Treasury deposits at the Fed are
A) part of M1, M2, and M3.
B) part of M1 and M2.
C) part of M1.
D) not part of the money supply.
D
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Which of the following is a result of increased real wages in the United States?
a. a decrease in the quantity of services demanded by households b. an increase in the opportunity cost of remaining employed in the home c. a decrease in the opportunity cost of working outside the home d. a decline in the number of households providing labor outside the home e. reduced use of labor-saving devices in households
If apples have an own price elasticity of ?1.2 we know the demand is:
A. unitary. B. elastic. C. inelastic. D. indeterminate.
In the efficiency wage model, if the real wage is higher than the market-clearing wage so that there is an excess supply of labor,
A. firms will hire new workers at lower wages. B. firms will replace high-paid workers with low-paid, formerly unemployed workers. C. firms will demand a higher level of effort from existing employees. D. employers will not hire workers who are willing to work for a lower wage.
Provide some examples of management innovations that have lost their popularity.
What will be an ideal response?