The main goal of the Bretton Woods meeting was to
a. curb inflation
b. encourage gold production
c. set world prices for gold
d. set up a new international system of payments and to stabilize exchange rates
e. help less-developed countries of the Third World to develop economically
D
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Suppose the multiplier is 4. ceteris paribus, a change in autonomous spending will change total spending more if the aggregate supply curve is __________ than if it is __________
A) horizontal; upward sloping B) upward sloping; horizontal C) upward sloping; downward sloping D) downward sloping; upward sloping E) There is not enough information to answer the question.
For the music industry, the rise of Internet file-sharing of music has:
A. Worsened the free-rider problem B. Diminished or alleviated the free-rider problem C. Reduced the options for musicians to have their music heard D. Eliminated the problem of digital piracy
What is the rationale for efficiency wages? How do efficiency wages help address the principal–agent problem?
What will be an ideal response?
Real GDP or total output in any year is equal to:
A. Labor productivity divided by number of worker-hours B. Labor productivity multiplied by real output C. Number of worker-hours multiplied by labor productivity D. Number of worker-hours divided by labor productivity