The number of workers employed will not change as a result of an increase in productivity when which of the following occurs?
A) The AS curve shifts downward.
B) Output growth exceeds productivity growth.
C) Productivity growth is equal to output growth.
D) The AD curve shifts to the right.
E) none of the above
C
Economics
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Each citizen in Nexus City has to pay $20,000 as income tax. This is an example of a ________
A) proportional income tax B) progressive income tax C) lump-sum tax D) regressive income tax
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A narrow target zone exchange rate band (such as the EEC had until 1992 ) is most similar to
A) a flexible exchange rate system. B) a single currency. C) a fixed exchange rate system. D) an undervalued currency. E) a managed floating exchange rate.
Economics