In the United States, the wage floor legislated by government below which it is generally illegal to pay workers is known as
A. the wage ceiling.
B. the going wage.
C. the employment gap.
D. the minimum wage.
Answer: D
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
A series of bank runs in a country should have no effect on M1 as money simply moves from checking deposits to currency
Indicate whether the statement is true or false
Which of the following statements about the characteristics of debt and equity is FALSE?
A) They can both be long-term financial instruments. B) They can both be short-term financial instruments. C) They both involve a claim on the issuer's income. D) They both enable a corporation to raise funds.
Even though non-union workers maybe just as skilled as union workers, wages are almost 15 percent higher in union jobs. Why?