The more staggered are labor contracts,
A) the more rapidly the economy will adjust to changes in aggregate demand.
B) the less rapidly the economy will adjust to changes in aggregate demand.
C) the greater the inflationary effects of a given change in money growth in the medium run.
D) the less inflationary effects of a given change in money growth in the medium run.
A
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Using the Keynesian model, the effect of an increase in the effective tax rate on capital would be to cause ________ in the real interest rate and ________ in output in the short run
A) a decrease; a decrease B) a decrease; no change C) an increase; an increase D) no change; a decrease
Which of the following topics is not a part of a typical scenario plan?
a. Expected changes in government intervention and regulations. b. Expected changes in country infrastructure. c. Expected changes property rights, tax policies, and risks. d. Expected changes in budgets and capital budgeting projects. e. Expected changes in corporate governance practices.
The income and living standards of a nation will increase when
A) the availability of goods and services that people value increases. B) the imports of goods and services fall. C) jobs are protected and total employment expands. D) the prices of goods and services increase.
Which statement is true?
A. Most collective bargaining negotiations end in strikes. B. The two key provisions in a collective bargaining agreement are (1) wages and hours and (2) job security and seniority. C. Most strikes have disrupted our economy. D. None of these statements are true.