When information is communicated informally in an organization is it called the
a. grapevine
b. telephone
c. circle
d. hub
Ans: a. grapevine
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Social Security benefits, welfare payments, and farm support payments are examples of:
A. public interest payments. B. investment spending. C. consumption spending. D. transfer payments.
The amount by which an aggregate expenditures schedule must shift upward to achieve the full-employment real GDP is a(n)
A. recessionary expenditure gap. B. negative net export gap. C. expenditure multiplier gap. D. inflationary expenditure gap.
Economist Kenneth Arrow has shown mathematically that no system of voting will consistently represent the underlying preferences of voters. This finding is called
A) Arrow's median voter model. B) Arrow's Amendment to the public choice model. C) Arrow's majority vote paradox. D) the Arrow impossibility theorem.
Prices and returns for ________ bonds are more volatile than those for ________ bonds, everything else held constant
A) long-term; long-term B) long-term; short-term C) short-term; long-term D) short-term; short-term