Often owners of firms who hire managers must install incentive or bonus plans to ensure that the:
A. company will have positive economic profits.
B. manager will work hard.
C. company is financially secure.
D. manager will maintain employee morale.
Answer: B
Economics
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What will be an ideal response?
Economics
Refer to Figure 28-4. Consider the shift in the short-run Phillips curves shown in the above graph. This shift may be explained by
A) either an increase in the natural rate of unemployment from 5.0 to 6.2 percent or an increase in the expected rate of inflation from 4.0 to 5.5 percent. B) an increase in the expected rate of inflation from 4.0 to 5.5 percent. C) an increase in the natural rate of unemployment from 5.0 to 6.2 percent. D) None of the above is correct.
Economics