When economists address the concept of price and wage stickiness in relation to the business cycle, they are referring to
A) nominal prices and nominal wages.
B) real prices and real wages.
C) both nominal and real prices and wages.
D) both nominal and real prices, but only real wages.
A
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CETA's heavy emphasis on public sector employment was regarded as a success
Indicate whether the statement is true or false
The amount that individuals would have been willing to pay, minus the amount that they actually paid, is called:
a. producer surplus. b. consumer surplus. c. total surplus. d. demand surplus.
What is a common source of leakage in the money creation process?
a. borrowers who deposit their loan money into a demand deposit account b. banks that choose not lend all their excess reserves c. banks that rapidly make new loans when additional funds are deposited d. borrowers who choose to spend the full amount of their loans
What would be the output combination for two products A and B on the production possibility frontier, if a country uses its entire resources for producing A?
A. A: maximum, B: zero B. A: maximum, B: maximum C. A: zero, B: maximum D. A: zero, B: minimum