Refer to the table. The efficiency wage is:
A. $10.
B. $9.
C. $8
D. $6.
B. $9.
Economics
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The rate at which one currency can be traded for another is called the
A) terms of trade. B) exchange rate. C) transfer rate. D) coupon rate.
Economics
If fiscal stimulus creates a large budget ________, then in the long run economic growth ________
A) deficit; decreases B) surplus; increases C) deficit; increases D) surplus; decreases E) None of the above answers is correct. The figure above shows a nation's aggregate demand curve, aggregate supply curve, and potential GDP.
Economics
Are public goods excludable? Are they rival in consumption?
Economics
Refer to the consumption schedule above. At income level 1, the amount of saving is:
A. Positive
B. Negative
C. Zero
D. Not measurable
Economics