An employer's effort to minimize transaction costs can result in employment discrimination
Indicate whether the statement is true or false
T Economizing on transaction costs may include relying on the average productivity of members of groups with certain characteristics, such as age, sex, or race, rather than gathering more information on an individual applicant, and the resulting decision may be discriminatory.
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The simple Keynesian model assumes that
A) gross private domestic investment exceeds net investment by the capital consumption allowance. B) prices, especially the price of wages, are "sticky downward." C) there will never be any excess capacity in the short run. D) aggregate demand will always equal aggregate supply.
While the classicists believed that both velocity and output are stable, Keynesians believe:
a. velocity is stable and output is variable. b. velocity and output are both variable. c. output is stable and velocity is variable d. the same as the classical economists that both output and velocity are stable e. at low levels of income both velocity and output are stable, but at high levels of income velocity becomes variable.