Most economists consider the case for jawboning to control inflation is strongest when this policy is used:
A. for an extended period of time.
B. in combination with a credible threat against a firm's profits.
C. by a president who has no credible threat against a firm's profits.
D. to increase the minimum wage.
Answer: B
You might also like to view...
A money flow in the circular flow diagram is
i. the government's collection of taxes. ii. Chevrolet's production of SUVs. iii. Nike's payment of wages to its workers. A) i only B) ii only C) i, ii and iii D) ii and iii E) i and iii
Price taking behavior exists in
A) perfectly competitive markets. B) markets with a monopolist, where consumers have to take price as it is given to them by the monopolist. C) automobile markets where consumers have to take the price set by the dealer. D) Both answers B and C are correct.
Briefly explain the impact of an increase in the price of U.S. oil imports on the country's balance of payments and domestic product and income, assuming floating exchange rates.
What will be an ideal response?
With labor held constant, Y=F(K)=K0.5, 400 units of capital, and the fraction of output invested in new capital at 0.2 (investment rate), and a depreciation rate is 0.05, what is the steady state amount of capital?:
A) 16 B) 64 C) 100 D) 225