Which of the following statements is true?
A) Firms normally prefer wage cuts over lay-offs. B) Cuts in wages boost worker morale.
C) Workers normally resist increases in wages. D) Wage rigidity can cause unemployment.
D
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Every day, ________ changes to make the quantity of money demanded equal the quantity of money supplied
A) real GDP B) the money supply C) the inflation rate D) the nominal interest rate E) the price level
The knowledge and skills people accumulate through experience, education, and training is called
A) physical capital. B) human capital. C) economic investment. D) spillover benefits.
Which of the following would be recorded as a credit in the U.S. balance of payments accounts?
a. the purchase of a German business by a U.S. investor b. the import of Honda trucks by a U.S. automobile distributor c. European travel expenditures of an American college student d. the purchase of a U.S. Treasury bond by a French investment company
If Japanese tourists visit Yellowstone Park, what is the effect in the foreign-exchange market?
A. It will increase demand for Japanese yen. B. It will decrease demand for Japanese yen. C. It will increase supply of Japanese yen. D. It will decrease supply of Japanese yen.