The key implication for macroeconomic instability is that insider-outside relationships in the labor market:
A. Contribute to the downward inflexibility of wages
B. Help reduce the downward inflexibility of wages
C. Increase the velocity of money
D. Reduce the velocity of money
A. Contribute to the downward inflexibility of wages
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A change in consumer taste will prompt a change in _____.
Fill in the blank(s) with the appropriate word(s).
If forced to choose, middle class whites would generally prefer as neighbors middle class blacks to poor whites
Indicate whether the statement is true or false
Suppose that the economy is currently at full employment. All other things being equal, if central bank implements contractionary policy, then the appropriate fiscal policy is to
a. increase taxes. b. reduce government spending. c. balance the budget. d. increase a budget deficit.
If the government removes a binding price floor from a market, then the price received by sellers will
a. decrease, and the quantity sold in the market will decrease. b. decrease, and the quantity sold in the market will increase. c. increase, and the quantity sold in the market will decrease. d. increase, and the quantity sold in the market will increase.