Which of the following countries have experienced recession and high levels of unemployment related to their inability to control the growth of government and high levels of debt?
a. Greece.
b. Portugal.
c. Italy.
d. all of the above.
D
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What is the result when real planned saving exceeds real planned investment spending?
A) The economy is in equilibrium. B) There is unplanned accumulation of business inventories. C) There is unplanned depletion of business inventories. D) Employment expands.
The unemployment rate for people with less education typically is ________________ than for those with higher levels of education.
a. lower b. longer c. higher d. shorter
Price discrimination means
A. charging different prices for identical goods that have identical production costs. B. paying wages according to race or sex rather than productivity. C. exploiting the working masses by charging the highest single price possible. D. eliminating all costs so that only profits are realized.
The nominal wage is _____
Fill in the blank(s) with the appropriate word(s).