The ________ in employment during a recession is smaller if wages are ________
A) increase; flexible B) decline; rigid C) increase; rigid D) decline; flexible
D
You might also like to view...
The worst recession since World War II started in which year?
A. 1957 B. 1973 C. 1981 D. 2007
Interest-rate swaps are:
A. agreements involving swapping of option contracts. B. exchanges of equity securities for debt securities. C. agreements between two parties to exchange periodic interest-rate payments over some future period. D. agreements that allow both parties to convert floating interest rates to fixed interest rates.
Which of the following best describes the marginal revenue from an additional salesperson at a car dealership?
A. The additional profits the firm earns because of that employee B. The number of additional cars the firm sells because of that employee C. The increase in wages, benefits, and other costs because of that employee D. The increase in revenue to the dealership because of that employee
Costs that tend to deter firms from changing their prices in response to changes in the market equilibrium price are referred to as
A. burden costs. B. small menu costs. C. real menu costs. D. large menu costs.