Workers who work the night shift are often paid more than those who do identical work on the day shift. This is referred to as a
a. discriminatory wage practice.
b. compensating differential.
c. wage inequity.
d. a market inefficiency.
b
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If velocity is highly unstable, then targeting the money supply
a. will be effective in stabilizing the LM curve and interest rates. b. has the same effects as targeting interest rates. c. will be ineffective in stabilizing aggregate demand. d. none of the above.
Politicians often instruct households to spend in order to help the economy. This advice overlooks the fact that
a. increases in consumption will make it easier for households to deal with unanticipated future expenses.
b. increases in consumption will provide more loanable funds for investment.
c. you cannot have a strong economy if all or most households are spending just about everything they earn.
d. consumer spending is less than two-thirds of GDP.
The best example of a "frictionally unemployed" worker is one who:
a. Is in the process of voluntarily switching jobs b. Is discouraged and not actively seeking work c. Is laid off during a recessionary period in the economy d. Reduces productivity by causing frictions in a business
A ________ card purchase takes money out of your checking account.
Fill in the blank(s) with the appropriate word(s).