An economy eliminates a recessionary gap by reducing wages and prices.

If an additional dollar spent on monitoring would reduce shirking by 10 minutes, then the firm will increase the worker's wage by $1 if this caused

A) shirking to increase by less than 10 minutes. B) shirking to decrease by more than 10 minutes. C) shirking to decrease by less than 10 minutes. D) monitoring to become unnecessary.

Macroeconomists are distinguished from microeconomists because macroeconomists are more interested in

a. inflation and unemployment than in individual markets. b. large corporations rather than small businesses. c. inflation in the United States rather than inflation in Costa Rica. d. the demand for oil rather than the demand for corn.