Which of the following statements is true?
A) Firms normally prefer wage cuts over lay-offs. B) Cuts in wages boost worker morale.
C) Workers normally resist increases in wages. D) Wage rigidity can cause unemployment.
D
Economics
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Using the equation of exchange and assuming fixed price controls and a constant velocity of money, a decrease in the discount rate could temporarily result in
A. Higher quantity of real output. B. Higher velocity. C. Higher price level. D. Lower money supply.
Economics
Along a short-run aggregate supply curve, which of the following is (are) held constant?
A. aggregate demand B. input prices C. real GDP D. relative prices of goods and services
Economics