Wages often respond slowly to changes in output
a. True
b. False
A
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If revenue in the short run is sufficient to offset variable costs but not all fixed costs, what should the firm do?
What will be an ideal response?
How does an increase in government purchases financed by an increase in the deficit affect exchange rates? Support your answer with graphs of the loanable funds market and the foreign exchange market
What will be an ideal response?
An example of screening job applicants is
a. listing years of education on résumés b. providing college transcripts c. sending in letters of recommendation d. dressing in a suit for interviews e. checking résumés for spelling and typographical errors
If a brewery wants to raise funds to purchase a new fermenting vat, it does so in the
A) factor market. B) output market. C) product market. D) alcoholic beverages market.