If productivity growth accelerates, but workers do not realize it ________
A) they will expect large wage hikes
B) they will not expect large wage hikes
C) the natural rate of unemployment will rise
D) the number of discouraged workers will rise
B
You might also like to view...
Optimal decisions are made on the basis of
A. rate of growth in total profit. B. average cost and average revenue figures. C. impact on market share. D. marginal cost and marginal revenue figures.
Which of the following would be illegal according to the Robinson-Patman Act
a. "Party Packers" getting 10cents off every pack of ribbon they buy after 1000 units b. "Sideline Superstore" receiving 50 cents off a crate of strawberries since it buys from many other suppliers c. "Sam's Sandwiches" receiving 5 cents off per pound of cheese, since they are closer to the warehouse of the supplier d. None of the above
In international trade, one country's gain is another country's loss
a. True b. False Indicate whether the statement is true or false
A recessionary gap refers to the gap between real GDP and potential GDP when the level of output is above the level of potential GDP
a. True b. False Indicate whether the statement is true or false