The only way to rationalize an upward slope for the short-run aggregate-supply curve is to argue that wages are sticky in the short run
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true?
A) The demographic transition of the 19th century led to a decrease in life expectancy across the Western world. B) Until the demographic transition in the 19th century, they were recurrent Malthusian cycles. C) The demographic transition of the 19th century led to an increase in fertility across the Western world. D) After the demographic transition in the 19th century, they were recurrent Malthusian cycles.
Current estimates of the marginal propensity to consume out of wealth are in the neighborhood of ________
A) three and one-half cents per dollar of wealth B) 45 cents per dollar of wealth C) 98 cents per dollar of wealth D) $4.87 per dollar of wealth
Laura's team can complete 15 reports and 5 presentations in a day. Albert can motivate his team to complete 12 reports in a day with 10 presentations. Suppose the boss needs 30 reports with 20 presentations completed during a particular day. Assigning the extra presentations to Laura's team would:
a. lead to an efficient outcome. b. push the production level inside the production set. c. enhance the production level along the production set. d. increase the chances of achieving the target.
If an employer screens applicants by race because of generalizations about past hires, he or she is ______.
a. practicing wage discrimination b. acting from unconscious bigotry c. trying to reduce information costs d. avoiding any type of discrimination