In the early 1900s, Henry Ford introduced a
a. high-wage policy, and this policy produced many of the effects predicted by efficiency-wage theory.
b. high-wage policy, and this policy produced none of the effects predicted by efficiency-wage theory.
c. low-wage policy, and this policy produced many of the effects predicted by efficiency-wage theory.
d. low-wage policy, and this policy produced none of the effects predicted by efficiency-wage theory.
a
Economics
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If a $10,000 face-value discount bond maturing in one year is selling for $5,000, then its yield to maturity is
A) 5 percent. B) 10 percent. C) 50 percent. D) 100 percent.
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By choosing to target the interest rate, the Fed loses control over the money supply
Indicate whether the statement is true or false
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