In the long run, a change in the money supply does not affect the natural rate of unemployment because:
a. the aggregate demand curve is vertical
b. the aggregate demand curve is downward sloping.
c. the long-run aggregate supply curve is vertical.
d. the long-run aggregate supply curve is upward sloping.
e. the long-run aggregate supply curve is horizontal.
c
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When firms price their products by adding a percentage markup to their average costs of production, this is called
A) cost-plus pricing. B) rounding up. C) break-even pricing. D) average cost pricing.
Secondary markets make financial instruments more
A) solid. B) vapid. C) liquid. D) risky.
Around 2/3 of poor female-headed families with children receive earnings from working
Indicate whether the statement is true or false
Since about 1980,
a. production worker pay in the U.S. has grown faster than CEO pay b. the typical U.S. CEO has come to earn more than the typical NBA basketball player c. CEO pay in Europe has grown much faster than CEO pay in the U.S. d. CEO pay in the U.S. has grown to a very large multiple of production worker pay e. the ratio of CEO pay to production worker pay in the U.S. has not changed much, although both groups receive much high pay now