Financial innovations such as ATMs and electronic banking have caused an increase in the demand for money

Wages in Baltonia are downwardly rigid. Which of the following will happen if a recession occurs in the country?

A) Employment will fall less than if wages were flexible. B) Unemployment will fall less than if wages were flexible. C) Employment will fall more than if wages were flexible. D) Unemployment will fall more than if wages were flexible.

Herbert Simon has concluded that decision making in industry is often best described as

a. optimizing behavior. b. profit maximizing. c. satisficing. d. saturating.