Employee performance evaluation is needed because:
A. it justifies the incredibly high fringe benefits of the CEOs.
B. it determines rewards and sanctions-wages, raises, bonuses, and dismissals.
C. it minimizes the risks faced by employees for putting in their effort.
D. it justifies the incredibly high wages of the CEOs.
Answer: B
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If the value of the government multiplier is 1.5, which of the following is likely to be true if all other variables remain unchanged?
A) A $1 increase in government expenditure reduces gross domestic product by $1.50. B) A $1.50 increase in government expenditure increases gross domestic product by $1.50. C) A $1.50 increase in government expenditure reduces gross domestic product by $1.50. D) A $1 increase in government expenditure increases gross domestic product by $1.50.
Frictional unemployment increases when
A) real GDP decreases and the unemployment rate rises. B) the number of workers who quit one job to find another increases. C) discouraged workers drop out of the work force. D) workers are replaced by machines and the unemployed workers do not have the skills to perform new jobs.
Taco Bell opens a branch in Iceland. The sales of the restaurant enter the U.S. GNP and the Icelandic GDP.
Answer the following statement true (T) or false (F)
The Phillips curve describes the relationship between real GDP and inflation.
Indicate whether the statement is true or false.