The degree of wage stickiness in the real world:
A. is controversial, even among economists.
B. is agreed upon by economists, but not accepted by others, like policymakers.
C. is agreed upon by economists as a concept, but controversial in how it's measured.
D. has been estimated by economists.
A. is controversial, even among economists.
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Of two baskets with identical standard deviations, a risk-averse person will prefer the basket with the higher expected value. 2. A stock that is guaranteed to increase in value is risk-free. 3. By definition, a risk preferring person will gamble no matter what the odds. 4. A risk neutral person earning $30,000 per year would likely be willing to pay a year's worth of income for a 50-50 chance at winning $70,000. 5. A risk neutral individual has indifference curves that are identical to the iso-expected lines of a fair gamble.
If Kenya institutes policies that support economic freedom and growth, it is likely that Kenya will
A) immediately reap the benefits of double digit increase in economic growth. B) immediately reap the benefits of a 4 percent to 6 percent increase in economic growth. C) slowly reap the benefits of economic growth as the economy grows over time. D) lose control of the economy and plunge into a long recession. E) suffer from too much competition within its economy.
Which of the following market structures provides socially efficient outcomes?
A) Oligopoly B) Monopoly C) Perfect competition D) Monopolistic competition
Which of the following is a disadvantage of the U-form structure?
a. In case of multiple products sold in different markets, a U-form structure is difficult to maintain. b. A U-form structure requires a larger staff to evaluate top-level decision making than other organization structures. c. A U-form structure necessitates a multiple-level decision-making process. d. The amount of information that is considered for decision-making in a U-form structure is less than other structures.