You find that to attract a sufficient number of workers you have to pay them more dollars. Given the price of your output you determine you are paying your workers more in goods than before. Which of the following has risen?
a. The real and nominal value of the wages you pay.
b. The real but not the nominal value of wages you pay.
c. The nominal but not the real value of the wages you pay.
d. Neither the real nor the nominal value of the wages you pay.
a
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The practice of tenure at American universities is quite common
When a junior professor is approved for tenure he or she is promoted to associate or full professor and enjoys for all intents and purposes lifetime employment and protection against firing in the event that he or she's views are at odds with the university administration. While this policy has been in place for many decades across the country why is it that universities are hesitant to grant and do so only after careful evaluation of the candidate's work even though the salary they may have to contract is lower than what one might receive in the private sector.
In the Keynesian model, investment, government spending, and net exports are treated as autonomous expenditures, which means they are independent of:
a. expectations. b. the price level. c. political processes. d. real GDP.
If a bank is selling Russian rubles (RUB) for $0.16, then the implied ruble price of the dollar is RUB 6.25
a. True b. False Indicate whether the statement is true or false
Businesses keep inventories in order to: a. meet a certain level of expected sales. b. keep prices up artificially
c. decrease their fixed cost of production. d. benefit from economies of scale.