Workforce quality can be improved by

Suppose new electronic devices make it easier to monitor the effort levels of workers. If some shirking is still possible in the efficiency wage model, what happens to the level of employment?

A) Increases, but some unemployment remains B) Increases, and the labor market reaches full employment C) Decreases D) Does not change

The members of the Federal Reserve's Board of Governors

a. are appointed by the president of the U.S. and confirmed by the U.S. Senate. b. serve six-year terms. c. are also the presidents of the regional Federal Reserve banks. d. share power equally, with no governor having any more influence or power than any other governor.