The real price trendline for non fuel primary commodities from 1960-2005 has been
(a) Unchanged
(b) Steadily increasing
(c) Steadily decreasing
(d) First decreased and then increased.
C
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When Economist Truman Bewley surveyed managers about their employment decisions during a recession, he found that:
A. they are indifferent between using layoffs and using wage cuts during a recession. B. they feel guiltier about reducing workers' wages than they do about firing workers. C. it is easier to reduce wages slightly for all workers than to fire some workers. D. it is easier to fire some workers and leave the wages of the other workers unchanged.
Suppose that a country becomes relatively better than other countries at producing wind generators, in this country
a. structural unemployment and so the natural rate of unemployment will increase. b. structural unemployment and so cyclical unemployment will increase. c. frictional unemployment and so the natural rate of unemployment will increase. d. frictional unemployment and the cyclical rate of unemployment will increase.