Efficiency wages are:
A. wages deliberately set above the market rate in order to increase productivity.
B. not a cause of unemployment.
C. generally a disincentive for an employee to work hard to try to keep their job.
D. All of these are true.
A. wages deliberately set above the market rate in order to increase productivity.
Economics
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The reference base period for the CPI has an index number of
A) 100. B) 10. C) 1,000. D) 0. E) 1.
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The Rule of 70 can be used to calculate the
A) 70 percent level of the economic growth rate. B) population growth rate per year. C) economic growth rate per year. D) economic growth rate per month. E) number of years it would take for the level of any variable to double.
Economics