If an excess quantity of labor demanded exists in a free market, there is a tendency for
A) quantity supplied to rise.
B) the wage rate to fall.
C) quantity demanded to fall.
D) the wage rate to rise.
D
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Keynesians prefer a disinflation policy of
A) cold turkey. B) stabilization. C) gradualism. D) aggregate demand management.
Which of the following is true?
a. Employers who discriminate against women will have lower costs than rival firms that hire employees strictly on the basis of merit (productivity). b. On average, the number of hours worked per year by women in the labor force is greater than the hours worked by men in the labor force. c. The female/male earnings ratio is substantially higher for never married persons than for those married with a spouse present. d. As the proportion of women preparing for careers as professionals has increased in recent decades, the earnings of women have declined relative to those for men.