Those who believe that wages adjust ________ to clear the labor market also believe that the ________ curve is vertical.
A. quickly; AD
B. slowly; AD
C. quickly; AS
D. slowly; AS
Answer: C
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Capital stock will increase as long as
A) gross investment exceeds depreciation. B) capital deepening decreases. C) net investment equals zero. D) depreciation exceeds real GDP.
Which of the following is true?
a. Industry structure determines firm conduct which in turn determines firms' performance b. Industry structure determines firm performance which in turn determines firms' conduct c. Industry conduct determines firm structure which in turn determines firms' performance d. Industry performance determines firm conduct which in turn determines firms' structure
Price elasticity of supply
a. is always a number between 0 and 1 b. is always a negative number c. is always greater than or equal to 0 d. is always greater than 1. e. can take on any value.
If several incumbents, supervisors and peers respond in similar ways to job analysis questionnaires, this suggests the results are _____.
A. reliable B. valid C. convergent D. acceptable