Which of the following is true regarding transactional relationships?
a. They represent up to 80% of all relationships.
b. They are largely unimportant.
c. They are vital to profitability.
d. They needed to be managed efficiently and fairly.
e. Only A and D
f. Only A, C, and D
f. only a, c, and d
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The SAS curve shifts if there is a change in
A) the price level. B) real GDP. C) nominal GDP. D) potential GDP.
Scarcity is illustrated graphically by a production possibilities frontier.
Answer the following statement true (T) or false (F)
Paying into a pension fund while you are earning wages and salaries is equivalent to
A. borrowing money. B. lending money. C. withdrawing from a savings account. D. paying off debt.
The changing age structure of the U.S. population and more efficient labor markets are both possible explanations for:
A. the 2001 recession. B. the increase in the cyclical rate of unemployment. C. the stagnation of real wages. D. the decline in the natural rate of unemployment.