A deferred payment scheme is more likely to be accepted by a worker if
A) the firm has a reputation of not firing senior employees to save pension costs.
B) the worker is very young.
C) the worker is very old.
D) None of the above.
A
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The bond markets are important because they are
A) easily the most widely followed financial markets in the United States. B) the markets where foreign exchange rates are determined. C) the markets where interest rates are determined. D) the markets where all borrowers get their funds.
Keynes and many of his contemporaries believed that money was
a. major importance because the idea of the liquidity trap only came later. b. even more important than fiscal policy. c. little importance and monetary policy of little use as a stabilization tool. d. major importance but of little use as a stabilization tool. e. none of the above.
Refer to Scenario 12.1. What will be the price in the long run if the industry is a Cournot duopoly?
A) $400 B) $600 C) $800 D) $900 E) Competition will drive the price to zero.
During the Federal Bank Holiday ordered by President Roosevelt
a. new supplies of gold were distributed to the banks. b. a national monetary commission was set up. c. the banks were inspected. d. the leadership of the Federal Reserve System was replaced.