If productivity growth accelerates, but workers do not realize it ________
A) they will expect large wage hikes
B) they will not expect large wage hikes
C) the natural rate of unemployment will rise
D) the number of discouraged workers will rise
B
Economics
You might also like to view...
When the percentage change in the quantity demanded exceeds the percentage change in price, then demand is
A) inelastic. B) unit elastic. C) elastic. D) irrelevant. E) undefined.
Economics
Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold
A) the deadweight loss is greater under the supply curve S0. B) the deadweight loss is greater under the supply curve S1. C) the deadweight loss is identical under either supply curve. D) there is no deadweight loss since revenue raised is used to fund government projects.
Economics