Managers can get workers to work longer hours by:
A. offering overtime pay.
B. decreasing the hourly wage scale.
C. offering a higher flat wage rate on all hours worked.
D. None of the statements is correct.
Answer: A
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As capital deepening occurs, there will be
A) decreases in depreciation and decreases in saving. B) increased real wages and economic growth. C) decreased real wages and decreases in saving. D) economic growth and decreases in depreciation.
Refer to the table above. The government sector balance is a
A) $900 billion surplus. B) $500 billion deficit. C) $2,900 billion trade deficit. D) $2,900 billion balanced budget. E) $900 billion deficit.
How much mobility has there been through the income quintiles since 2007?
What will be an ideal response?
Unemployment
a. usually decreases whenever nominal GDP decreases. b. usually increases whenever real GDP decreases. c. usually decreases whenever nominal GDP increases. d. usually increases whenever the price level increases.