If the number of employed people decreases and the average hours worked per week increases, then
What will be an ideal response?
there is an indeterminate effect on aggregate hours worked.
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When firms set prices by adding a fixed percentage markup to marginal costs, they are likely
A) concerned with the rate of profit rather than its net amount. B) earning a satisfactory rather than a maximum profit. C) exploiting their customers. D) poorly managed. E) searching for the most advantageous prices to set on the basis of limited information.
During the financial crisis, which type of risk was the biggest problem faced by investment banks?
A) interest-rate risk B) currency risk C) hedging risk D) credit risk
A trade-off of using monetary policy to maintain a pegged exchange rate
a. increases the power of the central bank. b. always increases the interest rate. c. cannot be used to address inflation or unemployment. d. cannot be used to change tax policies.
James earns a degree from a top university and is hired by a prominent firm because executives at the firm believe that graduates of this university must have a high ability level or they would not have graduated. Which of the following theories of education do the executives believe?
a. signaling theory b. human-capital theory c. compensating-differentials theory d. All of the above are correct.