According to the logic of the wage-price spiral, an increase in wages leads to ____________ in ___________, which in turn leads to _______ in _________.
Fill in the blank(s) with the appropriate word(s).
Answer: an increase, prices, an increase, wages
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An individual firm is insolvent when ________
A) its assets exceed the value of its liabilities B) its average costs per unit are greater than its marginal cost C) its average costs per unit are less than its marginal cost D) its liabilities exceed the value of its assets
The ___________ Act has been depicted as anti-labor, and pro-employer.
Fill in the blank(s) with the appropriate word(s).
In the United States from 1935 to 2011 the share of total income earned by the bottom fifth of income earners rose and then fell
a. True b. False Indicate whether the statement is true or false
The financial system consists of financial ________, such as commercial banks, and financial markets, such as the stock market.
A. allocations B. brokers C. intermediaries D. corporations