On a graph showing the influence of automatic stabilizers on the economy, government expenditures on transfer payments and real GDP have a(n):
A. direct relationship as shown by an upward-sloping line.
B. direct relationship as shown by a downward-sloping line.
C. inverse relationship as shown by an upward-sloping line.
D. inverse relationship as shown by a downward-sloping line.
Answer: D
Economics
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An efficiency wage is designed to
A) keep the minimum wage from falling. B) keep the minimum wage from rising. C) to induce more employment. D) decrease the need for workers to search for jobs. E) induce more work effort.
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Refer to the scenario above. Elly should use ________ to make her decision
A) mixed strategies B) backward induction C) forward induction D) her dominated strategy
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