If resource owners anticipated a monetary growth rate of 6 percent, but the money supply actually grew at only 2 percent, then:
a. real wages would fall
b. output would decrease.
c. output would increase.
d. output would increase, but only if nominal wages were increased more rapidly than prices.
e. the expected inflation rate was less than the actual rate.
b
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According to the book, four disciplines are particularly applicable to management. Which of the following was not listed as a main influence?
a. Humanities b. Psychology c. Sociology d. Economics
Tacit collusion occurs in industries that
a. are monopolistically competitive b. contain price leaders c. experience rapid technological change d. are regulated e. produce very differentiated products
Real per capital GDP in the United States is:
A. over three times what it was a century ago. B. over seven times what it was a century ago. C. over 30 times what it was a century ago. D. about the same as it was a century ago.
A leftward shift in the money demand function would result from:
a. a decrease in the money supply. b. a decrease in the price level. c. an increase in real income. d. a decrease in the interest rate. e. an increase in the interest rate