"Bad news" about an expenditure-related indicator drives bond prices __________ and stock prices __________
A) up; up
B) up; down
C) down; up
D) down; down
C
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When wages or benefits are automatically increased based on the reported inflation rate, it is called the ________ adjustment
A) cost-of-living B) change in imports C) natural flow of money D) change in exports
If carpentry positions A and B required identical skill levels, other things constant, which one of the following would most likely increase the wage rate of position A relative to position B?
a. The work place of position A is in the intense heat of the sun, whereas the work place of B is air-conditioned. b. Position A is a safe office job; position B requires the employee to operate a dangerous saw. c. Position A offers steady employment, whereas employees holding position B are often laid off. d. Position A offers more sick leave and more paid holidays.