The difference between the simple Keynesian model and the IS-LM curve model is that the latter
a. excludes a money market and interest rates.
b. includes a commodity market and flexible income.
c. excludes a commodity market and interest rates.
d. includes a money market and flexible interest rates.Figure 7-3
D
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The participation rate was higher in 2012 than in 1948 because
A) the labor force was larger in 2012 than in 1948. B) the unemployment rate became less variable over time. C) of the Great Moderation D) the participation rate of women rose between 1948 to 2012.
Figure 10-2
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Figure 10-2 shows demand and short-run cost curves for a perfectly competitive firm. At its profit-maximizing level of output, the firm’s short-run TC is represented by area
A. ADFO. B. BGHC. C. BGIO. D. ADGIO.
How does the theory of efficiency wages explain above-equilibrium wages?
a. Employers are forced by competition to pay higher wages in efficient markets. b. Employers give their workers a higher wage in the hope that it will lead to increased productivity. c. Workers get higher wages when they prove they are increasing their productivity. d. Workers demand higher wages to compensate for poor fringe benefits.
A two-way network linking nine users creates how many potential network connections?
A. 72 B. 90 C. 56 D. 18