It is generally more profitable for a firm to pay workers more than the going wage rate:
A. in areas in which turnover is not very costly.
B. in sectors where skills are scarce.
C. in industries in which worker motivation doesn't really matter.
D. All of these are true.
Answer: B
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Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 1150. The overall impact of this resettling of the fiscal variables is ________ because ________
A) expansionary, the actual deficit rises B) expansionary, the natural employment deficit falls C) contractionary, the natural employment deficit falls D) contractionary, the natural employment deficit rises E) contractionary, the actual deficit rises
Surplus refers to:
A. a way of measuring who benefits from transactions and by how much. B. the difference between the price the buyer would have paid and the actual price paid. C. the difference between the price the seller would have accepted and the actual sell price. D. All of these statements are true.
The United States has numerous antitrust laws on the books and numerous legal precedents on acceptable corporate behavior. Still, the true commitment to enforcement is measured by the
a. number of monopolies we sue b. number of monopolies we break up c. partiality of the federal judges d. willingness of industry to behave e. budget of the enforcement agencies
Excess reserves that are voluntarily held by institutions are called:
a. Federal funds. b. Customary reserves. c. Preferred assets. d. Bank equity. e. Normal reserves.