What are the different modes of payments that employers use?
Pay comes in forms that include piecework; hourly wages; monthly salaries; various forms of sharing, commissions, and tips; and compensation based on company performance. The efficient form depends on such details as the measurability of output, the importance of team production, the impact of random events on productivity, and the observability of effort.
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During the Great Depression, the Federal Reserve Board: a. prevented many bank failures
b. failed to act as a lender of last resort. c. failed to clear checks adequately. d. began operating as the government's bank. e. issued too many bank notes.
Income is to money as
a. short story is to novel. b. video is to digital photo. c. song is to symphony. d. entree is to dessert.
In 2012, approximately what percent of the national debt was held by federal government agencies?
a. 1 percent b. 19 percent c. 29 percent d. a little more than 80 percent
Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = .6, how much will the change in investment increase aggregate demand?
A. $12 billion. B. $20 billion. C. $33.3 billion. D. $50 billion.