Workers often have ________ contracts and so their wages are ________.
A. long-term; flexible
B. long-term; sticky
C. short-term; sticky
D. short-term; flexible
Answer: B
You might also like to view...
In the short run, a firm operating in a monopolistically competitive market
a. produces an efficient output level. b. chooses the maximum price to maximize profits. c. produces where marginal cost is minimized. d. chooses a price that exceeds marginal revenue.
This profit-maximizing firm is making a profit or loss of about __________.
A. $800
B. $710
C. $510
D. $310
Refer to the graph shown. The economy begins at a level of output of $50 billion and experiences a one-year recession in which output declines by 3 percent. By what rate must the economy expand to return to potential output by year 2?
A. About 3 percent B. About 9 percent C. About 6 percent D. About 4 percent
When media commentators refer to "tax and spend" policy, they are referring to
A. fiscal policy. B. automatic stabilizers. C. monetary policy. D. command and control policy.