Stickiness of wages:
A. is unrelated to stickiness of prices.
B. lessens the stickiness of prices.
C. reinforces stickiness of prices.
D. may or may not reinforce stickiness of prices.
Answer: C
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Between 1960 and 2010, the labor force participation rate for men
A) decreased in most years. B) increased in most years. C) did not change. D) fluctuated, first rising until about 1989 and after that, then falling. E) did not change until 1992, after which it generally increased.
The producer surplus on a unit of output is the difference between the market price and the opportunity cost of producing it
Indicate whether the statement is true or false
The consumption function shows an indirect relationship between consumer spending and disposable income
a. True b. False Indicate whether the statement is true or false
U.S. net capital outflow
a. is a source of the supply of loanable funds, and the source of the supply of dollars in the foreign exchange market. b. is a source of the supply of loanable funds, and a source of the demand for dollars in the foreign exchange market. c. is a part of the demand for loanable funds, and the source of the supply of dollars in the foreign exchange market. d. is a part of the demand for loanable funds, and a source of the demand for dollars in the foreign exchange market.