To incentivize employees
a. Measure performance, whether formally or informally
b. Tie the performance metrics to compensation
c. All of the above
d. None of the above
c
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With an upward-sloping short-run aggregate supply curve, firms respond to a change in aggregate demand by adjusting:
A. prices but not quantities in the short run. B. quantities but not prices in the short run. C. neither prices nor quantities in the short run. D. both prices and quantities in the short run.
In economics, the study of the decisions of firms in industries where the profits of each firm depend on its interactions with other firms is called
A) decision theory. B) game theory. C) market structure analysis. D) profit analysis.
If the MPC in an economy is 0.8, government could close a recessionary expenditure gap of $100 billion by cutting taxes by
A. $100 billion. B. $125 billion. C. $80 billion. D. $200 billion.
The U.S. national debt at the end of fiscal year 2014 was almost
A. $13.5 trillion. B. $9.0 trillion. C. $18 trillion. D. $1.3 trillion.