Two receptionists work at Widget, Inc., one in the morning and one in the afternoon. They are an example of
a. job specialization
b. job rotation
c. job sharing
d. none of the above
Ans: c. job sharing
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According to Keynesians, __________ monetary policy will not remove the economy from a(an) __________ gap if __________
A) contractionary; recessionary; investment is interest-insensitive B) expansionary; recessionary; the economy is in the liquidity trap C) expansionary; inflationary; investment is interest-insensitive D) contractionary; inflationary; the economy has been in the inflationary gap for more than one year E) none of the above
If a nation's Lorenz curve lies on the line of income equality
A. proportionately more of the nation's income is received by the lowest 20% of families than the highest 20%. B. income is unequally distributed. C. proportionately more of the nation's income is received by the highest 20% of families than the lowest 20%. D. the income received by each 20% of families is 20% of the total income.
The Hernandez family is buying a house. They have submitted several offers, and one was finally accepted. The time they spent submitting offers is considered part of the
a. negative spillover b. profit margin c. market price d. transaction cost
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.