Sticky wages occur because:
A. employers must wait until the current contract ends to cut someone's pay.
B. unions often negotiate wages for several years in advance.
C. wages can only be changed at the end of contracts, as opposed to final good prices which can change anytime.
D. All of these are true.
D. All of these are true.
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Which of the following combinations would constitute a vertical merger?
A) General Motors and Bridgestone Tire Company B) General Motors and Ford Motor Company C) Philip Morris and RJ Reynolds D) Philip Morris and Barnes & Nobles Booksellers
Ron weighs 150 pounds. A graph relating Ron's weight on the vertical axis to Nancy's consumption of ice cream on the horizontal axis would be
a. a horizontal line at weight = 150 b. a horizontal line at weight = 0 c. a positively sloped line with decreasing slope d. a vertical line at weight = 150 e. the origin
Government policy to reduce unemployment and increase national output can be illustrated by an
a. outward shift of the aggregate demand curve caused by an increase in government spending. b. outward shift of the aggregate supply curve caused by a reduction in government spending. c. inward shift of the aggregate demand curve caused by an increase in government spending. d. inward shift of the aggregate supply curve caused by a reduction in government spending.
In 2009, which category accounted for the highest share in the U.S. exports?
a. Industrial supplies b. Capital goods c. Services d. Consumer goods