Which of the following is the most likely cause of most recessions according to the new classical model?
a. a change in the money supply.
b. an increase in taxation and government spending.
c. a fall in expected profits.
d. a rise in the price of oil.
e. an unanticipated change in the money supply.
E
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Including an employee representative on the board of directors reduces the possibility of opportunistic employer behavior
Indicate whether the statement is true or false
Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are given a lot of discretion in their decision making c. Profit centers usually largely run themselves d. A manager being rewarded on division revenues has no incentive to make good decisions for his division
The poverty income level equals the:
a. average income of the bottom one-tenth of all income recipients. b. cost of an economical and nutritional food plan for a family multiplied by six. c. cost of an economical and nutritional food plan for a family multiplied by three. d. average income of a family headed by a worker who has been unemployed for six months or more.
Which of the following is never true for a sales revenue maximizer with an upward-sloping supply curve?
a. MR = 0 b. MR = MC c. Economic profits are positive. d. P = MC