Wage contracts, efficiency wages, and the minimum wage are explanations for why:
A. Competition results in price wars
B. Wages tend to be inflexible downward
C. The aggregate demand curve slopes downward
D. There is little support for the existence of a real-balances effect
B. Wages tend to be inflexible downward
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A) disposable income. B) non-economic related. C) existing independently. D) cash payments.
Choosing not to attend a concert so that you can study for your exam is an example of a tradeoff
a. True b. False Indicate whether the statement is true or false
According to many economists, government restrictions on ticket scalping do all of the following except
a. inconvenience the public. b. reduce the audience for cultural and sports events. c. waste police officers' time. d. keep the cost of tickets to all consumers low.
Programs to equalize individual income would most harm ______.
a. medium-income single people b. low-income large families c. medium-income married couples d. high-income single people