Keynesians explain the procyclical behavior of average labor productivity by introducing the concept of
A) menu costs.
B) sticky prices.
C) labor hoarding.
D) sticky wages.
C
You might also like to view...
Inflation tends to ________ during a business cycle expansion and ________ during a business cycle recession
A) increase; decrease B) decrease; increase C) increase; increase further D) decrease; decrease further
When testing the null hypothesis that two regression slopes are zero simultaneously, then you cannot reject the null hypothesis at the 5% level, if the ellipse contains the point
A) (-1.96, 1.96). B) . C) (0,0). D) (1.962, 1.962).
In terms of opportunity cost, ________ is the ultimate constraint
a. information b. education c. creativity d. time
A free agent is a player who
A. can sell his services to the highest bidder. B. is eligible to be drafted. C. is bound to the team he was under contract with the previous year. D. must play for free.