When the unemployment rate is on the horizontal axis and the real wage is on the vertical axis, an increase in productivity will cause which of the following to occur?
A) The wage-setting and price-setting curves will both shift downward.
B) The wage-setting and price-setting curves will both shift upward.
C) The price-setting curve to shift downward, and no shift in the wage-setting curve.
D) The wage-setting curve to shift upward, and the price-setting curve to shift downward.
E) The wage-setting curve to shift downward, and the price-setting curve to shift upward.
B
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Which one of these is not a major aim (or goal) of bankers?
A. Maximizing their holdings of excess reserves B. Protecting their depositors C. Maintaining liquidity D. Making high profits
A country's production possibilites increase because the available workers become more skilled at using a computer. This is an example of growth caused by:
a) global resources b) physical capital c) technology d) production opportunity
A beneficial technological change enhances the production of cranberries. At the same time, scientists discover the health benefits of cranberries. This will result in:
What will be an ideal response?
Political corruption occurs whenever:
A. logrolling is used to secure votes for controversial legislation. B. government officials use unlawful misdirection of governmental resources for their own personal gain. C. special interest groups contribute to elected officials, who in turn support legislation that benefits the special interest group. D. there is pork barrel politics involved.