Efficiency wages create structural unemployment
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In order to have an impact, a ________ must be set below the equilibrium price, and when this occurs, ________
A) price ceiling; consumer surplus increases B) price floor; consumer surplus decreases C) price ceiling; producer surplus decreases D) price support; total revenue increases E) price support; consumer surplus increases
Economics
Using the liquidity-preference model, when the Federal Reserve decreases the money supply,
a. the equilibrium interest rate increases. b. the aggregate-demand curve shifts to the right. c. the quantity of goods and services demanded is unchanged for a given price level. d. the short-run aggregate-supply curve shifts to the left.
Economics