Efficiency wages
a. raise the productivity of a firm's workers, so the firm hires more workers.
b. raise the productivity of a firm's workers, so the firm hires fewer workers.
c. reduce the productivity of a firms' workers, so the firm hires more workers.
d. reduce the productivity of a firm's workers, so the firm hires fewer workers.
b
Economics
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__________ costs associated with matching buyers & sellers are significant.
Fill in the blank(s) with the appropriate word(s).
Economics
Decreases in the price level will
A) raise consumption because real wealth increases. B) lower consumption because goods and services are less affordable. C) raise consumption because goods and services are more affordable. D) lower consumption because real wealth decreases.
Economics