Why do workers tend to choose low effort levels when they are compensated with fixed wage payments?
A) Workers ignore the cost of effort
B) The net compensation after deducting the cost of effort is always higher when the worker provides low effort.
C) Workers care more about the stability of income than the level of income.
D) Workers tend to be risk averse and tend to choose low-intensity alternatives.
B
Economics
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Which of the following were not actions taken by the Federal Reserve in order to stimulate the economy during the recession of 2007-2009?
a. decreasing the discount rate b. suspending trading on the major stock exchanges c. massive lending to banks d. open market purchases of assets other than Treasury bills
Economics
The Federal Reserve System was created in:
A. 1926. B. 1946. C. 1895. D. 1913.
Economics